Gce Model Questions Vol1 2024 Commerce Question 31
Practice objective / multiple choice question 31 from the 2024 Gce Model Questions Vol1 Commerce examination.
A retailer orders goods with a marked price of \(\text{₦}120{,}000\). The supplier offers a trade discount of \(\frac{2}{5}\) off the marked price, followed by an additional \(10\%\) discount on the reduced price. After discounts, a VAT of \(7.5\%\) is added. Freight is charged as \(\text{₦}150\) for the first \(10\) kg and \(\text{₦}20\) for each additional kilogram. The total freight charge for this order is \(\text{₦}590\). What is the total amount the retailer must pay, including discounts, VAT and freight?
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This is Gce Model Questions Vol1 2024 Commerce Question 31. It is one of the objective questions from the 2024 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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