Neco Model Questions Vol1 2018 Commerce Question 42
Practice objective / multiple choice question 42 from the 2018 Neco Model Questions Vol1 Commerce examination.
A wholesaler purchases 800 units for a total cost of ₦240,000. He sells 60 % of the units at a markup of 25 % on cost and sells the remaining units at a discount of 10 % on the selling price of the first batch. He also incurs a fixed overhead of ₦12,000 for the whole transaction. Calculate the overall profit percentage on the total cost (to two decimal places).
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About This Question
This is Neco Model Questions Vol1 2018 Commerce Question 42. It is one of the objective questions from the 2018 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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