Neco 2023 Commerce Question 2
Practice objective / multiple choice question 2 from the 2023 Neco Commerce examination.
A tailor marks a suit at \(\text{₦}120,000\). He first gives a discount of \(15\%\) and then a further discount of \(5\%\) on the reduced price. After the discounts, he pays a commission of \(8\%\) of the final selling price to a sales agent. If the cost price of the suit is \(\text{₦}70,000\), calculate the tailor's net profit.
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About This Question
This is Neco 2023 Commerce Question 2. It is one of the objective questions from the 2023 Neco Commerce examination.
Difficulty level: Medium .
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