Gce Model Questions Vol1 2025 Commerce Question 16
Practice objective / multiple choice question 16 from the 2025 Gce Model Questions Vol1 Commerce examination.
A wholesaler receives an order for 500 units of product X. The supplier's quoted price is \(\text{₦}12{,}000\) per unit. The wholesaler negotiates a first discount of 8% on the quoted price, then a further discount of 5% on the reduced price. After discounts, the wholesaler adds a sales tax of 7.5% (VAT) to the purchase cost. The wholesaler also pays a commission of 2% of the final selling price to the sales agent. The wholesaler wants to set a selling price per unit that yields a net profit margin of 12% on the total transaction (after tax and commission). What should be the selling price per unit (rounded to the nearest naira)?
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About This Question
This is Gce Model Questions Vol1 2025 Commerce Question 16. It is one of the objective questions from the 2025 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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