Neco Model Questions Vol1 2018 Commerce Question 46
Practice objective / multiple choice question 46 from the 2018 Neco Model Questions Vol1 Commerce examination.
A retailer purchases (120) units of a product for a total cost of ₦(84,000). He intends to earn a profit margin of (25\%\) on the final selling price to the customer. The selling price is obtained by first giving a trade discount of (10\%\) on the marked price and then adding a sales tax of (5\%\) on the discounted price. What marked price per unit should he set (rounded to the nearest naira)?
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About This Question
This is Neco Model Questions Vol1 2018 Commerce Question 46. It is one of the objective questions from the 2018 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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