Waec Model Questions Vol1 2023 Commerce Question 8

Practice objective / multiple choice question 8 from the 2023 Waec Model Questions Vol1 Commerce examination.

Waec Model Questions Vol1 2023 Commerce Objective / Multiple Choice Easy Difficulty
Question 8 WAEC_MODEL_QUESTIONS_VOL1 • 2023 • COMMERCE • objective

A trader purchases 150 units of a product at ₦2,500 each. He sells each unit with a 20% markup on cost, and a sales tax of 5% is added to the selling price. What is the total profit earned after tax?

Answer Options

A. 52,500
Correct Answer B. 97,500
C. 112,500
D. 75,000
Correct Answer
B
Correct Option:
97,500

About This Question

This is Waec Model Questions Vol1 2023 Commerce Question 8. It is one of the objective questions from the 2023 Waec Model Questions Vol1 Commerce examination.

Difficulty level: Easy .

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