Gce Model Questions Vol1 2024 Commerce Question 37
Practice objective / multiple choice question 37 from the 2024 Gce Model Questions Vol1 Commerce examination.
A wholesaler purchases a batch of goods at an unknown total cost. He marks the batch up by \(20\%\) to obtain the marked price, then gives a discount of \(15\%\) on the marked price, followed by an additional trade discount of \(5\%\) on the discounted price for bulk buyers. A retailer buys the batch at the final price and sells each unit for \(\text{₦}350\), making a profit of \(12\%\) on his purchase cost. If the batch contains 500 units, determine the wholesaler's original total cost and the cost per unit for the wholesaler.
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About This Question
This is Gce Model Questions Vol1 2024 Commerce Question 37. It is one of the objective questions from the 2024 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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