Neco 2022 Commerce Question 27
Practice objective / multiple choice question 27 from the 2022 Neco Commerce examination.
A retailer purchases 200 shirts at a cost of \(\text{₦}1,800\) each. He wants to set a base selling price per shirt (before tax and discount) so that, after adding a sales tax of 5\% and offering a promotional discount of 10\% on the price after tax to customers who buy more than 5 shirts, his profit margin remains at least 25\% on the discounted selling price. What is the minimum base selling price per shirt (in naira) that satisfies this condition?
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About This Question
This is Neco 2022 Commerce Question 27. It is one of the objective questions from the 2022 Neco Commerce examination.
Difficulty level: Medium .
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