Neco Model Questions Vol1 2017 Commerce Question 3
Practice objective / multiple choice question 3 from the 2017 Neco Model Questions Vol1 Commerce examination.
A wholesaler prepares a proforma invoice for 150 units of item X. The marked price per unit is \(\text{₦}3{,}200\). The buyer receives a trade discount of 12% on the marked price. After the discount, a sales tax of 5% is added on the discounted amount. Freight charges of \(\text{₦}18{,}000\) are then added to the invoice. The wholesaler's cost price per unit is \(\text{₦}2{,}400\). What is the profit margin (percentage profit on cost) that the wholesaler makes on this transaction?
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About This Question
This is Neco Model Questions Vol1 2017 Commerce Question 3. It is one of the objective questions from the 2017 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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