Neco 2023 Commerce Question 19

Practice objective / multiple choice question 19 from the 2023 Neco Commerce examination.

Neco 2023 Commerce Objective / Multiple Choice Easy Difficulty
Question 19 NECO • 2023 • COMMERCE • objective

A retailer buys 500 shirts for a total cost of \(\text{₦}250{,}000\). He adds a markup of 20% on the cost price to set the selling price per shirt. If he sells all shirts, what is his total profit?

Answer Options

A. 60000
Correct Answer B. 50000
C. 25000
D. 5000
Correct Answer
B
Correct Option:
50000

About This Question

This is Neco 2023 Commerce Question 19. It is one of the objective questions from the 2023 Neco Commerce examination.

Difficulty level: Easy .

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