Gce Model Questions Vol1 2024 Commerce Question 34
Practice objective / multiple choice question 34 from the 2024 Gce Model Questions Vol1 Commerce examination.
A retailer purchases 200 units of a product for a total cost of \(\text{₦}80{,}000\). He intends to apply a markup of \(30\%\) on the cost price to set the selling price per unit. However, he expects that \(15\%\) of the units will be returned and refunded at the selling price. To achieve a target profit of \(\text{₦}12{,}000\) after accounting for returns, what selling price per unit should he set? (Give your answer to two decimal places.)
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About This Question
This is Gce Model Questions Vol1 2024 Commerce Question 34. It is one of the objective questions from the 2024 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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