Neco 2019 Commerce Question 19
Practice objective / multiple choice question 19 from the 2019 Neco Commerce examination.
A wholesaler purchases goods at a cost of \(\)₦1,200 per unit. He offers a trade discount of \(5\%\) on the invoice amount for purchases of at least \(100\) units, and an additional cash discount of \(2\%\) if payment is made within 10 days. The wholesaler sells each unit at a selling price of \(\)₦1,500. If a retailer buys \(150\) units and pays within 10 days, what is the wholesaler's net profit on this transaction after all discounts?
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About This Question
This is Neco 2019 Commerce Question 19. It is one of the objective questions from the 2019 Neco Commerce examination.
Difficulty level: Medium .
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