Gce Model Questions Vol1 2025 Commerce Question 26
Practice objective / multiple choice question 26 from the 2025 Gce Model Questions Vol1 Commerce examination.
A company has a cost price of $8,000 for a product and wants a profit margin of 25% on cost. It therefore sets a marked price. The buyer receives a trade discount of \(10\%\) on the marked price, followed by a promotional discount of \(5\%\) on the reduced price. After all discounts, a VAT of \(12\%\) is added. The invoice is in USD, but the buyer pays in euros. The exchange rate is 1 USD = €0.92 and the bank charges a commission of \(1.5\%\) on the amount after conversion. Calculate the total amount payable in euros, rounded to two decimal places.
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About This Question
This is Gce Model Questions Vol1 2025 Commerce Question 26. It is one of the objective questions from the 2025 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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