Neco 2020 Commerce Question 45
Practice objective / multiple choice question 45 from the 2020 Neco Commerce examination.
A retailer purchases a batch of 250 shirts for a total cost of \(₦125,000\). He marks up each shirt by a certain percentage to set the selling price. He offers a seasonal discount of \(12\%\) on the marked price and a further promotional coupon of \(₦500\) off per shirt for customers who buy more than 5 shirts in a single transaction. If a customer buys 6 shirts and pays the full discounted price (including the coupon), the retailer makes a profit of \(15\%\) on the total cost of those 6 shirts. What is the retailer's original markup percentage (before any discounts)?
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About This Question
This is Neco 2020 Commerce Question 45. It is one of the objective questions from the 2020 Neco Commerce examination.
Difficulty level: Medium .
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