Neco Model Questions Vol1 2018 Commerce Question 23
Practice objective / multiple choice question 23 from the 2018 Neco Model Questions Vol1 Commerce examination.
A wholesaler purchases goods at a cost that is \(70\%\) of the list price (LP). He gives retailers a trade discount of \(12\%\) on LP and then adds a markup of \(25\%\) on the discounted price to obtain his selling price (SP) to retailers. Retailers sell to consumers with a \(30\%\) profit margin on their purchase price. If the final consumer price is \(\text{₦}2\,200\), determine the wholesaler's list price and his profit per unit.
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About This Question
This is Neco Model Questions Vol1 2018 Commerce Question 23. It is one of the objective questions from the 2018 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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