Gce Model Questions Vol1 2025 Commerce Question 6
Practice objective / multiple choice question 6 from the 2025 Gce Model Questions Vol1 Commerce examination.
A retailer buys 200 identical items for a total cost of ₦80,000. He plans to set a uniform markup of \(x\%\) on the cost price per item to obtain the list price. After setting the list price, he offers a seasonal discount of 15\% on the list price, followed by an additional promotional discount of 5\% on the price after the first discount. All items are sold at the final discounted price. The retailer also incurs fixed overhead costs of ₦12,000 for the period. What is the smallest whole‑number markup percentage \(x\) that will allow the retailer to achieve a net profit of at least ₦20,000?
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About This Question
This is Gce Model Questions Vol1 2025 Commerce Question 6. It is one of the objective questions from the 2025 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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