Gce Model Questions Vol1 2018 Commerce Question 16
Practice objective / multiple choice question 16 from the 2018 Gce Model Questions Vol1 Commerce examination.
A retailer purchases 120 identical items for a total of £3,600. He marks each item up by \(25\%\) on the cost price to set the initial selling price. He then offers a seasonal discount of \(10\%\) on this selling price, followed by an additional promotional discount of \(5\%\) on the already discounted price. He sells 90 items at the final discounted price and later sells the remaining 30 items at the original selling price (no discount). What is the overall profit percentage on the whole batch of 120 items? Give your answer to two decimal places.
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About This Question
This is Gce Model Questions Vol1 2018 Commerce Question 16. It is one of the objective questions from the 2018 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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