Gce Model Questions Vol1 2019 Commerce Question 26
Practice objective / multiple choice question 26 from the 2019 Gce Model Questions Vol1 Commerce examination.
A wholesaler purchases 2,000 units of a product for a total cost of ₦480,000. He intends to set a list price per unit. He offers a trade discount of \(12\%\) on the list price to retailers, and a cash discount of \(3\%\) on the discounted price for payments made within 15 days. The wholesaler wants a net profit margin of \(10\%\) on the revenue he finally receives after all discounts. What should be the list price per unit (to the nearest kobo)?
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About This Question
This is Gce Model Questions Vol1 2019 Commerce Question 26. It is one of the objective questions from the 2019 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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