Neco 2025 Commerce Question 12
Practice objective / multiple choice question 12 from the 2025 Neco Commerce examination.
A home‑trade retailer purchases 150 units of a product for a total cost of \(\text{₦}45,000\). He applies a uniform markup percentage m on the cost to obtain a list price. For orders of 30 units or more he offers a 12\\% discount on the list price and then adds a sales tax of 5\\% on the discounted price. A customer buys exactly 45 units and pays \(\text{₦}19,800\) (including tax). Determine the markup percentage m (to one decimal place).
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About This Question
This is Neco 2025 Commerce Question 12. It is one of the objective questions from the 2025 Neco Commerce examination.
Difficulty level: Medium .
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