Neco 2022 Commerce Question 4
Practice objective / multiple choice question 4 from the 2022 Neco Commerce examination.
A wholesaler orders 800 units of a product. The manufacturer's price schedule is: up to 500 units - \(\text{₦}250\) each; 501 to 1{,}000 units - \(\text{₦}240\) each. Freight charges are 4\% of the total purchase amount after the trade discount. The wholesaler adds a markup of 30\% on the landed cost (purchase price plus freight) to set the wholesale price. A cash discount of 3\% is offered for payment within 15 days. Determine (a) the landed cost per unit, (b) the wholesale price per unit before cash discount, and (c) the cash price per unit.
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About This Question
This is Neco 2022 Commerce Question 4. It is one of the objective questions from the 2022 Neco Commerce examination.
Difficulty level: Medium .
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