Neco 2018 Commerce Question 10
Practice objective / multiple choice question 10 from the 2018 Neco Commerce examination.
A wholesaler purchases goods at a list price \(L\). He receives a trade discount of 12\% on \(L\) and then pays a commission of 5\% on the net purchase price (after discount). He marks up the total cost (net purchase price plus commission) by 30\% to set the selling price. If the final selling price is \(22\,000\) N, determine the original list price \(L\).
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About This Question
This is Neco 2018 Commerce Question 10. It is one of the objective questions from the 2018 Neco Commerce examination.
Difficulty level: Medium .
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