Neco 2017 Commerce Question 44
Practice objective / multiple choice question 44 from the 2017 Neco Commerce examination.
A retailer applies a 40% markup on the cost price of a gadget and then adds VAT of 7.5% on the marked price. If the final selling price (inclusive of VAT) is \(\text{₦}1{,}506\), determine the original cost price of the gadget (in Naira).
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About This Question
This is Neco 2017 Commerce Question 44. It is one of the objective questions from the 2017 Neco Commerce examination.
Difficulty level: Easy .
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