Neco 2020 Commerce Question 29
Practice objective / multiple choice question 29 from the 2020 Neco Commerce examination.
A retailer sells two brands of detergent to a wholesaler. Brand X has a marked price of \text{₦}1,200 per bottle. The retailer gives a discount of 15% on the marked price and then a trade discount of 5% on the discounted price. Brand Y has a marked price of \text{₦}1,500 per bottle, with a discount of 10% followed by a trade discount of 8% on the discounted price. The retailer's cost prices are \text{₦}720 per bottle for Brand X and \text{₦}960 per bottle for Brand Y. If the retailer sells 40 bottles of Brand X and 30 bottles of Brand Y to the wholesaler, calculate the overall profit percentage on the total cost.
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About This Question
This is Neco 2020 Commerce Question 29. It is one of the objective questions from the 2020 Neco Commerce examination.
Difficulty level: Medium .
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