Neco 2023 Commerce Question 6
Practice objective / multiple choice question 6 from the 2023 Neco Commerce examination.
An wholesaler purchases a batch of goods at a cost price of \(\text{₦}8,000\). He marks them up by 25\% to obtain the marked price. He then offers a trade discount of 5\% on the marked price. After the trade discount, a cash discount of \(d\)\% (on the discounted price) may be allowed for payment within 10 days. A sales agent receives a commission of 2\% of the selling price (after the cash discount). The wholesaler wants to earn at least a 12\% profit on his original cost price. Determine the greatest cash‑discount percentage \(d\) that can be offered while still meeting the profit requirement. Give your answer to one decimal place.
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About This Question
This is Neco 2023 Commerce Question 6. It is one of the objective questions from the 2023 Neco Commerce examination.
Difficulty level: Medium .
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