Gce Model Questions Vol1 2018 Commerce Question 43
Practice objective / multiple choice question 43 from the 2018 Gce Model Questions Vol1 Commerce examination.
A wholesaler purchases \(100\) units of Product X at \(₦250\) each and \(150\) units of Product Y at \(₦180\) each. The supplier gives a \(6\%\) discount on the total purchase value if payment is made within 30 days. The wholesaler wants an overall profit margin of \(20\%\) on the discounted total cost. He will apply a \(30\%\) markup on Product X and a uniform markup of \(m\)% on Product Y (the same markup on every unit of Y). What must be the markup percentage \(m\) on Product Y to achieve the desired overall profit?
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About This Question
This is Gce Model Questions Vol1 2018 Commerce Question 43. It is one of the objective questions from the 2018 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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