Gce Model Questions Vol1 2019 Commerce Question 19
Practice objective / multiple choice question 19 from the 2019 Gce Model Questions Vol1 Commerce examination.
A wholesaler purchases a product at a cost of \(\text{₦}1{,}200\) per unit. He offers retailers a trade discount of \(5\%\) on his list price. After the discount, the retailer's selling price must give the retailer a \(20\%\) profit margin on the retailer's cost. The wholesaler also wants to achieve a gross profit margin of \(15\%\) on his own cost after giving the trade discount. What should be the wholesaler's list price per unit (rounded to the nearest naira)?
Answer Options
About This Question
This is Gce Model Questions Vol1 2019 Commerce Question 19. It is one of the objective questions from the 2019 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.