Neco 2020 Commerce Question 41
Practice objective / multiple choice question 41 from the 2020 Neco Commerce examination.
A wholesaler purchases 500 units of a product for a total cost of ₦ 250,000. He intends to earn a profit of \(20\\%\) on the cost. He marks up the unit price accordingly and offers a trade discount of \(5\\%\) on the marked price to retailers. Additionally, he gives a cash discount of \(2\\%\) on the discounted price if payment is made within 10 days. A retailer who pays early buys the entire batch. What is the wholesaler's actual profit percentage on the total cost after all discounts?
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About This Question
This is Neco 2020 Commerce Question 41. It is one of the objective questions from the 2020 Neco Commerce examination.
Difficulty level: Medium .
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