Waec Model Questions Vol1 2025 Commerce Question 16
Practice objective / multiple choice question 16 from the 2025 Waec Model Questions Vol1 Commerce examination.
A retailer purchases 500 units of a product at ₦2,200 each. He intends to sell the units at a marked price (MP) per unit and offer a 12% trade discount on MP to customers who buy more than 200 units. He also pays a sales commission of 5% on the amount received after the discount. The retailer wants to earn a total profit of ₦1,800,000 from the whole batch. Assuming all 500 units will be sold with the discount applied, what should be the marked price per unit (in naira) so that the profit target is met?
Answer Options
About This Question
This is Waec Model Questions Vol1 2025 Commerce Question 16. It is one of the objective questions from the 2025 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.