Neco 2024 Commerce Question 7
Practice objective / multiple choice question 7 from the 2024 Neco Commerce examination.
A wholesaler purchases goods at a cost price \(C\). He gives a trade discount of \(10\%\) on the list price \(L\), then adds a markup of \(25\%\) on the discounted price to obtain the selling price \(S\). A retailer receives a cash discount of \(2\%\) for early payment on \(S\). The wholesaler's net receipt is ₦210,000. Find the original list price \(L\).
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About This Question
This is Neco 2024 Commerce Question 7. It is one of the objective questions from the 2024 Neco Commerce examination.
Difficulty level: Medium .
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