Gce Model Questions Vol1 2018 Commerce Question 47

Practice objective / multiple choice question 47 from the 2018 Gce Model Questions Vol1 Commerce examination.

Gce Model Questions Vol1 2018 Commerce Objective / Multiple Choice Easy Difficulty
Question 47 GCE_MODEL_QUESTIONS_VOL1 • 2018 • COMMERCE • objective

A trader imports 500 units of a product at a total cost of \(250,000\) naira (including freight). He adds a commission of 5 % on the total cost and then applies a markup of 20 % on the resulting amount to set the selling price. What is the selling price per unit (in naira)?

Answer Options

A. 625 naira per unit
Correct Answer B. 630 naira per unit
C. 600 naira per unit
D. 525 naira per unit
Correct Answer
B
Correct Option:
630 naira per unit

About This Question

This is Gce Model Questions Vol1 2018 Commerce Question 47. It is one of the objective questions from the 2018 Gce Model Questions Vol1 Commerce examination.

Difficulty level: Easy .

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