Gce Model Questions Vol1 2020 Commerce Question 21

Practice objective / multiple choice question 21 from the 2020 Gce Model Questions Vol1 Commerce examination.

Gce Model Questions Vol1 2020 Commerce Objective / Multiple Choice Medium Difficulty
Question 21 GCE_MODEL_QUESTIONS_VOL1 • 2020 • COMMERCE • objective

A retailer purchases 200 shirts for a total cost of ₦120,000. He intends to sell 120 shirts at a discount of \(15\%\) on the marked price and the remaining 80 shirts at the full marked price. He wants an overall profit of \(20\%\) on his total cost. What should be the marked price per shirt (in naira, correct to 2 dp)?

Answer Options

A. 750.00
B. 815.37
Correct Answer C. 791.21
D. 791.20
Correct Answer
C
Correct Option:
791.21

About This Question

This is Gce Model Questions Vol1 2020 Commerce Question 21. It is one of the objective questions from the 2020 Gce Model Questions Vol1 Commerce examination.

Difficulty level: Medium .

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