Neco 2025 Commerce Question 47
Practice objective / multiple choice question 47 from the 2025 Neco Commerce examination.
A retailer purchases 200 units of a product. The marked price per unit is \(\text{₦}5,000\). He gives a trade discount of 12% on the total, followed by a cash discount of 3% on the balance if paid within 10 days. A freight charge of \(\text{₦}20,000\) is added before tax. VAT at 7.5% is then applied to the amount after freight. The retailer's total cost for the 200 units, including purchase price, freight and other overheads, is \(\text{₦}850,000\). If the invoice is paid within the discount period, what is the retailer's net profit (in naira)?
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About This Question
This is Neco 2025 Commerce Question 47. It is one of the objective questions from the 2025 Neco Commerce examination.
Difficulty level: Hard .
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