Gce Model Questions Vol1 2017 Commerce Question 26

Practice objective / multiple choice question 26 from the 2017 Gce Model Questions Vol1 Commerce examination.

Gce Model Questions Vol1 2017 Commerce Objective / Multiple Choice Easy Difficulty
Question 26 GCE_MODEL_QUESTIONS_VOL1 • 2017 • COMMERCE • objective

A trader buys \(120\) kg of rice at \(\text{₦}250\) per kilogram. He adds a handling charge equal to \(5\%\) of the total purchase cost and then sells the rice at a profit of \(20\%\) on the total cost (including handling). What is the selling price per kilogram?

Answer Options

A. 300
B. 313
Correct Answer C. 315
D. 316
Correct Answer
C
Correct Option:
315

About This Question

This is Gce Model Questions Vol1 2017 Commerce Question 26. It is one of the objective questions from the 2017 Gce Model Questions Vol1 Commerce examination.

Difficulty level: Easy .

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