Gce Model Questions Vol1 2021 Commerce Question 50
Practice objective / multiple choice question 50 from the 2021 Gce Model Questions Vol1 Commerce examination.
A wholesaler buys a product at ₦500 per unit. Fixed overheads are ₦150,000 per month. He sells to retailers at a base price of ₦800 per unit, but offers a discount of \(5\%\) on the base price for orders of 200 units or more. In a particular month he sells 180 units at the full price and 250 units with the discount. What profit or loss does the wholesaler record for that month? Give your answer in naira (use a negative figure for a loss).
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About This Question
This is Gce Model Questions Vol1 2021 Commerce Question 50. It is one of the objective questions from the 2021 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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