Gce Model Questions Vol1 2018 Commerce Question 35

Practice objective / multiple choice question 35 from the 2018 Gce Model Questions Vol1 Commerce examination.

Gce Model Questions Vol1 2018 Commerce Objective / Multiple Choice Easy Difficulty
Question 35 GCE_MODEL_QUESTIONS_VOL1 • 2018 • COMMERCE • objective

A retailer buys \(80\) smartphones for a total of \(\text{₦}240{,}000\). He adds a markup of \(25\%\) on the cost price to set the selling price per unit. If he sells all the smartphones, what is his total profit?

Answer Options

Correct Answer A. ₦60,000
B. ₦48,000
C. ₦54,000
D. ₦66,000
Correct Answer
A
Correct Option:
₦60,000

About This Question

This is Gce Model Questions Vol1 2018 Commerce Question 35. It is one of the objective questions from the 2018 Gce Model Questions Vol1 Commerce examination.

Difficulty level: Easy .

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