Neco 2021 Commerce Question 31
Practice objective / multiple choice question 31 from the 2021 Neco Commerce examination.
A retailer purchases 200 shirts for a total cost of \(\,\text{₦}480,000\). He applies a markup of 30% on the cost price to obtain the marked price, then offers a seasonal discount of 12% on the marked price and a further trade discount of 5% on the discounted price. The wholesaler also pays a sales tax of 7.5% on the final price he pays. Determine the retailer's profit percentage on the original cost after all discounts and tax are applied, giving your answer to two decimal places.
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About This Question
This is Neco 2021 Commerce Question 31. It is one of the objective questions from the 2021 Neco Commerce examination.
Difficulty level: Medium .
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