Waec Model Questions Vol1 2024 Commerce Question 13
Practice objective / multiple choice question 13 from the 2024 Waec Model Questions Vol1 Commerce examination.
A wholesaler buys a product at ₦250 per unit. He sets a list price that gives a 20% profit margin over cost before any discounts. Retailers receive a trade discount of 5% on the list price and, if they pay cash within 10 days, an additional cash discount of 2% on the discounted price. Calculate (a) the cash price a retailer pays after both discounts, and (b) the wholesaler's actual profit margin on that cash price (expressed to one decimal place).
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About This Question
This is Waec Model Questions Vol1 2024 Commerce Question 13. It is one of the objective questions from the 2024 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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