Gce Model Questions Vol1 2021 Commerce Question 41
Practice objective / multiple choice question 41 from the 2021 Gce Model Questions Vol1 Commerce examination.
A wholesaler purchases goods at a cost price of ₦100 per unit. He marks them up by \(30\%\) to obtain the marked price. He then offers a trade discount of \(10\%\) on the marked price to retailers, and a cash discount of \(2\%\) on the net price if payment is made within 15 days. He also pays a commission of \(5\%\) on the selling price to his sales agent. If a retailer pays within the discount period, what is the wholesaler's overall profit percentage on the original cost price? Express your answer to two decimal places.
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About This Question
This is Gce Model Questions Vol1 2021 Commerce Question 41. It is one of the objective questions from the 2021 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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