Gce Model Questions Vol1 2021 Commerce Question 24
Practice objective / multiple choice question 24 from the 2021 Gce Model Questions Vol1 Commerce examination.
A retailer purchases a batch of 120 units of a product for a total cost of \(\text{₦}84{,}000\). He intends to apply a markup of \(35\%\) on the cost price to set the selling price per unit. To stimulate sales, he offers a seasonal discount of \(12\%\) on the marked price for the first 80 units sold, while the remaining 40 units are sold at the full marked price. What is the retailer's total profit from the batch (in naira)?
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About This Question
This is Gce Model Questions Vol1 2021 Commerce Question 24. It is one of the objective questions from the 2021 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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