Waec Model Questions Vol1 2024 Commerce Question 23
Practice objective / multiple choice question 23 from the 2024 Waec Model Questions Vol1 Commerce examination.
A wholesaler purchases a batch of goods for ₦2,400,000. He receives a trade discount of 12% on the invoice and then adds his usual markup of 25% on the discounted price to set the wholesale price. A retailer buys the batch and receives a cash discount of 3% on the wholesale price if payment is made within 10 days. The retailer then adds a 30% profit margin on his cost (after discount) to set the final selling price to consumers. If the batch contains 800 identical units, what is the final selling price per unit (rounded to the nearest naira)?
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About This Question
This is Waec Model Questions Vol1 2024 Commerce Question 23. It is one of the objective questions from the 2024 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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