Neco 2020 Commerce Question 50
Practice objective / multiple choice question 50 from the 2020 Neco Commerce examination.
A trader buys goods for \(\text{₦}45,000\) and adds a 20% markup to set the selling price. A value‑added tax (VAT) of 7.5% is then applied to the selling price. What is the final selling price inclusive of VAT?
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About This Question
This is Neco 2020 Commerce Question 50. It is one of the objective questions from the 2020 Neco Commerce examination.
Difficulty level: Easy .
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