Gce Model Questions Vol1 2017 Commerce Question 2

Practice objective / multiple choice question 2 from the 2017 Gce Model Questions Vol1 Commerce examination.

Gce Model Questions Vol1 2017 Commerce Objective / Multiple Choice Easy Difficulty
Question 2 GCE_MODEL_QUESTIONS_VOL1 • 2017 • COMMERCE • objective

A shop sells \(150\) notebooks at \(\text{₦}\)\(250\) each. It incurs a flat delivery charge of \(\text{₦}\)\(2{,}000\) and must pay a sales tax of \(5\%\) on the total sales value (excluding delivery). Determine the shop's gross sales value and its net revenue after adding the delivery charge and subtracting the tax.

Answer Options

Correct Answer A. Gross sales = ₦37,500; Net revenue = ₦37,625.
B. Gross sales = ₦37,500; Net revenue = ₦37,500.
C. Gross sales = ₦37,500; Net revenue = ₦36,625.
D. Gross sales = ₦38,000; Net revenue = ₦38,900.
Correct Answer
A
Correct Option:
Gross sales = ₦37,500; Net revenue = ₦37,625.

About This Question

This is Gce Model Questions Vol1 2017 Commerce Question 2. It is one of the objective questions from the 2017 Gce Model Questions Vol1 Commerce examination.

Difficulty level: Easy .

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