Neco 2018 Commerce Question 2

Practice essay / theory question 2 from the 2018 Neco Commerce examination. This question covers Trade .

Neco 2018 Commerce Essay / Theory
Topic: Trade
Question 2 NECO • 2018 • COMMERCE • essay

A trader imports 200 units of a product at a cost of ₦150 per unit. He adds a markup of 30 % on the cost price to determine his regular selling price. To stimulate sales, he offers a seasonal discount on the regular selling price. In addition to the purchase cost, the trader incurs a transportation expense of ₦2,000 per month and fixed overheads of ₦3,000 per month.

Question Parts

( a )
Calculate the regular selling price per unit.
( b )
If the trader gives a 10 % discount on the regular selling price, what is the discounted selling price per unit?
( c )
Determine the total profit or loss if the trader sells all 200 units at the discounted price.
( d )
If the trader wishes to earn a net profit of ₦2,000 after all costs, what is the greatest discount (in percent, to one decimal place) he can offer on the regular selling price, assuming he sells all units?

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About This Question

This is Neco 2018 Commerce Question 2. It is one of the essay questions from the 2018 Neco Commerce examination.

The question covers Trade .

View More Neco 2018 Commerce Questions More Neco Practice Questions Back to Questions

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