Neco 2022 Commerce Question 40
Practice objective / multiple choice question 40 from the 2022 Neco Commerce examination.
A wholesaler buys a product from a manufacturer at a unit cost of ₦2,200. He offers tiered discounts to retailers: no discount for orders up to 200 units, 5\% discount on his selling price for orders of 201-500 units, and 10\% discount for orders above 500 units. He wants an overall profit margin of 25\% on his cost for any order after applying the appropriate discount. Determine the selling price per unit the wholesaler should quote to a retailer ordering 620 units, and compute the total profit the wholesaler makes on this order.
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About This Question
This is Neco 2022 Commerce Question 40. It is one of the objective questions from the 2022 Neco Commerce examination.
Difficulty level: Medium .
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