Gce Model Questions Vol1 2019 Commerce Question 10

Practice objective / multiple choice question 10 from the 2019 Gce Model Questions Vol1 Commerce examination.

Gce Model Questions Vol1 2019 Commerce Objective / Multiple Choice Easy Difficulty
Question 10 GCE_MODEL_QUESTIONS_VOL1 • 2019 • COMMERCE • objective

A home‑based baker sells cupcakes at a markup of 40 % on the total cost per cupcake. If the cost of ingredients and packaging for one cupcake is \(250\) ₦, what is the selling price per cupcake? If the baker sells 120 cupcakes in a week, what is the weekly profit?

Answer Options

A. Selling price = ₦350 per cupcake; Weekly profit = ₦10,800
B. Selling price = ₦325 per cupcake; Weekly profit = ₦9,000
Correct Answer C. Selling price = ₦350 per cupcake; Weekly profit = ₦12,000
D. Selling price = ₦290 per cupcake; Weekly profit = ₦5,880
Correct Answer
C
Correct Option:
Selling price = ₦350 per cupcake; Weekly profit = ₦12,000

About This Question

This is Gce Model Questions Vol1 2019 Commerce Question 10. It is one of the objective questions from the 2019 Gce Model Questions Vol1 Commerce examination.

Difficulty level: Easy .

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