Gce Model Questions Vol1 2017 Commerce Question 43
Practice objective / multiple choice question 43 from the 2017 Gce Model Questions Vol1 Commerce examination.
A retailer buys 200 identical items for a total cost of \(₦80,000\). He intends to apply a seasonal discount of 12\% on the marked price and still achieve a profit margin of 25\% on the selling price (the price after discount). What should be the marked price per item (in naira) to meet this target? Round your answer to the nearest naira.
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About This Question
This is Gce Model Questions Vol1 2017 Commerce Question 43. It is one of the objective questions from the 2017 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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