Gce Model Questions Vol1 2024 Commerce Question 11
Practice objective / multiple choice question 11 from the 2024 Gce Model Questions Vol1 Commerce examination.
A retailer purchases 500 identical units of a product at an unknown cost price per unit. He marks each unit up by \(30\%\) to set the list price. During a promotional period he offers a discount of \(11.5\%\) on the list price and, for each unit sold, includes a free accessory whose cost to him equals \(5\%\) of the list price. After the promotion his total profit on the batch is ₦40,000. What was the original cost price per unit (in naira, to 2 decimal places)?
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About This Question
This is Gce Model Questions Vol1 2024 Commerce Question 11. It is one of the objective questions from the 2024 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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