Gce Model Questions Vol1 2021 Commerce Question 26
Practice objective / multiple choice question 26 from the 2021 Gce Model Questions Vol1 Commerce examination.
A home‑based bakery marks each loaf of bread at \(\text{₦}1{,}500\). It offers a first discount of \(10\%\) on the marked price, followed by a further discount of \(5\%\) on the reduced price. After the discounts, a value‑added tax of \(7.5\%\) is added to obtain the selling price. The bakery wants to make a profit of \(20\%\) on the cost price of each loaf. What is the cost price of one loaf (to the nearest kobo)?
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About This Question
This is Gce Model Questions Vol1 2021 Commerce Question 26. It is one of the objective questions from the 2021 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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