Neco 2018 Commerce Question 7

Practice objective / multiple choice question 7 from the 2018 Neco Commerce examination.

Neco 2018 Commerce Objective / Multiple Choice Easy Difficulty
Question 7 NECO • 2018 • COMMERCE • objective

A trader buys a batch of goods for \(12\,000\) N. He marks up the cost by 25\% to obtain the marked price, then offers a 10\% discount to customers. Determine the selling price and the profit percentage earned by the trader.

Answer Options

A. Selling price = 13,200 N; Profit = 10\%
Correct Answer B. Selling price = 13,500 N; Profit = 12.5\%
C. Selling price = 12,600 N; Profit = 5\%
D. Selling price = 15,000 N; Profit = 25\%
Correct Answer
B
Correct Option:
Selling price = 13,500 N; Profit = 12.5\%

About This Question

This is Neco 2018 Commerce Question 7. It is one of the objective questions from the 2018 Neco Commerce examination.

Difficulty level: Easy .

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