Neco Model Questions Vol1 2018 Commerce Question 1
Practice objective / multiple choice question 1 from the 2018 Neco Model Questions Vol1 Commerce examination.
A retailer marks a product at ₦12,000. He offers a \(10\%\) discount on the marked price, then an additional \(5\%\) discount on the reduced price. After the discounts he adds a sales tax of \(7.5\%\) on the selling price. If he wants a profit margin of \(20\%\) on his cost price after tax, what is the greatest cost price he can have (in naira)?
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About This Question
This is Neco Model Questions Vol1 2018 Commerce Question 1. It is one of the objective questions from the 2018 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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