Gce Model Questions Vol1 2019 Commerce Question 27
Practice objective / multiple choice question 27 from the 2019 Gce Model Questions Vol1 Commerce examination.
A wholesaler buys product A at \(\text{₦}150\) per unit and product B at \(\text{₦}200\) per unit. He requires a retailer to purchase at least 100 units of A and 80 units of B to qualify for a \(5\%\) discount on the total invoice; otherwise no discount is given. The wholesaler also pays a sales commission of \(2\%\) on the gross invoice amount before any discount. He wishes to earn an overall profit of \(12\%\) on his total cost after accounting for the commission and the discount. Assuming the retailer buys the minimum quantities to obtain the discount, what is the minimum total invoice amount (before discount) that the wholesaler must charge?
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About This Question
This is Gce Model Questions Vol1 2019 Commerce Question 27. It is one of the objective questions from the 2019 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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