Neco 2019 Commerce Question 33
Practice objective / multiple choice question 33 from the 2019 Neco Commerce examination.
A wholesaler buys a batch of 500 units of a product for a total cost of \(\text{₦}250,000\). He plans to sell the units in two phases. In the first phase, he will sell 60% of the units at a 20% profit on the unit cost. The remaining units will be sold in the second phase after offering a trade discount of 10% on the selling price of the first phase, and then adding a uniform profit margin of 15% on the discounted price. What is the overall profit percentage on the whole batch (to two decimal places)?
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About This Question
This is Neco 2019 Commerce Question 33. It is one of the objective questions from the 2019 Neco Commerce examination.
Difficulty level: Medium .
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