Neco 2018 Commerce Question 18
Practice objective / multiple choice question 18 from the 2018 Neco Commerce examination.
A retailer purchases 200 units of an item at a cost of \\(500\\) naira each. He marks each unit at \\(800\\) naira and offers a first discount of \\(12\\%\\) on the total marked price, followed by a further discount of \\(5\\%\\) on the amount after the first discount. The buyer pays cash and receives an early‑payment discount of \\(1\\%\\) on the amount after the second discount. The retailer also pays a sales commission of \\(2\\%\\) on the final amount received. What is the retailer's net profit from this transaction?
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About This Question
This is Neco 2018 Commerce Question 18. It is one of the objective questions from the 2018 Neco Commerce examination.
Difficulty level: Medium .
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