Neco 2020 Commerce Question 16
Practice objective / multiple choice question 16 from the 2020 Neco Commerce examination.
A wholesaler purchases a product at a cost price of ₦500 per unit. He wants to earn a profit of \(20\\%\) on the cost after paying a sales commission of \(5\\%\) on the selling price and giving a trade discount of \(10\\%\) on his listed price. What should be the listed price (in naira) he sets, rounded to the nearest naira?
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About This Question
This is Neco 2020 Commerce Question 16. It is one of the objective questions from the 2020 Neco Commerce examination.
Difficulty level: Medium .
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