Gce Model Questions Vol1 2024 Commerce Question 36

Practice objective / multiple choice question 36 from the 2024 Gce Model Questions Vol1 Commerce examination.

Gce Model Questions Vol1 2024 Commerce Objective / Multiple Choice Easy Difficulty
Question 36 GCE_MODEL_QUESTIONS_VOL1 • 2024 • COMMERCE • objective

A trader buys 120 identical items for a total of ₦48,000. He sells 70 items at a profit of \(10\%\) on their cost and the remaining 50 items at a loss of \(5\%\) on their cost. What is the overall profit percentage on the whole transaction (to two decimal places)?

Answer Options

Correct Answer A. 3.75\%
B. 4.25\%
C. 5.10\%
D. 2.90\%
Correct Answer
A
Correct Option:
3.75\%

About This Question

This is Gce Model Questions Vol1 2024 Commerce Question 36. It is one of the objective questions from the 2024 Gce Model Questions Vol1 Commerce examination.

Difficulty level: Easy .

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