Gce Model Questions Vol1 2020 Commerce Question 8
Practice objective / multiple choice question 8 from the 2020 Gce Model Questions Vol1 Commerce examination.
A retailer purchases a batch of goods for a total cost of \(₦48,000\). He marks the batch up by 25% on cost, then offers a seasonal discount of 10% on the marked price. After the sale, a VAT of 5% is added to the discounted price, which the customer pays. What is the retailer's profit as a percentage of his original cost?
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About This Question
This is Gce Model Questions Vol1 2020 Commerce Question 8. It is one of the objective questions from the 2020 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Easy .
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