Neco 2017 Commerce Question 33
Practice objective / multiple choice question 33 from the 2017 Neco Commerce examination.
A retailer purchases 120 units of a product for a total cost of \(\text{₦}48,000\). He intends to give a 5% trade discount on the selling price to customers and then add a VAT of 7.5% on the discounted price. He wants to achieve a net profit margin of 20% on the cost after all deductions. What should be the original (pre‑discount) selling price per unit? Express your answer to two decimal places.
Answer Options
About This Question
This is Neco 2017 Commerce Question 33. It is one of the objective questions from the 2017 Neco Commerce examination.
Difficulty level: Medium .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.