Neco 2019 Commerce Question 34
Practice objective / multiple choice question 34 from the 2019 Neco Commerce examination.
A retailer purchases 80 shirts at a unit cost of \(\text{₦}3,200\). He adds a markup of 25% to set the initial selling price. A seasonal promotion offers a 12% discount on the marked price for the first 30 shirts sold, after which a further 5% discount is applied to the remaining shirts to clear inventory. A sales tax of 7.5% is applied on the final selling price after discounts. What is the total amount of sales tax the retailer must remit after selling all 80 shirts (rounded to the nearest naira)?
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About This Question
This is Neco 2019 Commerce Question 34. It is one of the objective questions from the 2019 Neco Commerce examination.
Difficulty level: Medium .
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