Gce Model Questions Vol1 2020 Commerce Question 12
Practice objective / multiple choice question 12 from the 2020 Gce Model Questions Vol1 Commerce examination.
A retailer sells two products, A and B. Product A costs \(\text{₦}150\) per unit and is sold with a markup of \(m\)% followed by a 10 % seasonal discount on the marked price. Product B costs \(\text{₦}200\) per unit and is sold with the same markup \(m\)% followed by a 15 % discount. In a month the retailer sells 120 units of A and 80 units of B and wants an overall profit margin of 20 % on total sales revenue. What markup percentage \(m\) (to one decimal place) must be applied?
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About This Question
This is Gce Model Questions Vol1 2020 Commerce Question 12. It is one of the objective questions from the 2020 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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