Gce Model Questions Vol1 2023 Commerce Question 22
Practice objective / multiple choice question 22 from the 2023 Gce Model Questions Vol1 Commerce examination.
A wholesaler buys a product at a cost price of \(\text{₦}8{,}500\) per unit. He offers retailers a trade discount of \(12\%\) on the list price, then pays a sales‑agent commission of \(5\%\) on the discounted price, and finally adds VAT of \(7.5\%\) on the price after commission. The wholesaler wants a profit margin of \(20\%\) on his cost after all deductions. What should be the list price he sets?
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About This Question
This is Gce Model Questions Vol1 2023 Commerce Question 22. It is one of the objective questions from the 2023 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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