Neco Model Questions Vol1 2017 Commerce Question 16
Practice objective / multiple choice question 16 from the 2017 Neco Model Questions Vol1 Commerce examination.
A trader buys 120 shirts at ₦1,800 each. He adds a profit margin of \(25\%\) on the cost price and then applies a value‑added tax (VAT) of \(7.5\%\) on the selling price (including profit). What is the final selling price per shirt (including VAT)?
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About This Question
This is Neco Model Questions Vol1 2017 Commerce Question 16. It is one of the objective questions from the 2017 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Easy .
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