Neco 2020 Commerce Question 7
Practice objective / multiple choice question 7 from the 2020 Neco Commerce examination.
A trader purchases \(50\) units of a product at \(\text{₦}2,200\) each. He wishes to earn a profit of 25\% on his total cost and then add a value‑added tax of 7.5\% on the selling price before tax. What should be the unit selling price inclusive of VAT?
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About This Question
This is Neco 2020 Commerce Question 7. It is one of the objective questions from the 2020 Neco Commerce examination.
Difficulty level: Easy .
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