Neco 2025 Commerce Question 48
Practice objective / multiple choice question 48 from the 2025 Neco Commerce examination.
A retailer buys 500 shirts at a cost of \(\text{₦}2,200\) each (including import duty). He marks them at 30% above cost. During a sale he offers a first discount of 15% on the marked price, and a further 5% discount on the reduced price for members. After all discounts, a sales tax of 5% is added. If all shirts are sold, what is the gross profit percentage (to two decimal places) on the whole transaction?
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About This Question
This is Neco 2025 Commerce Question 48. It is one of the objective questions from the 2025 Neco Commerce examination.
Difficulty level: Medium .
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