Neco Model Questions Vol1 2018 Commerce Question 47

Practice objective / multiple choice question 47 from the 2018 Neco Model Questions Vol1 Commerce examination.

Neco Model Questions Vol1 2018 Commerce Objective / Multiple Choice Easy Difficulty
Question 47 NECO_MODEL_QUESTIONS_VOL1 • 2018 • COMMERCE • objective

A trader buys 50 kg of rice at ₦(1,200) per kilogram. He sells 25 kg at a profit of (20\%\) and the remaining 25 kg at a loss of (10\%\). What is his overall profit percentage on the whole transaction?

Answer Options

A. 7
Correct Answer B. 5
C. 3
D. 10
Correct Answer
B
Correct Option:
5

About This Question

This is Neco Model Questions Vol1 2018 Commerce Question 47. It is one of the objective questions from the 2018 Neco Model Questions Vol1 Commerce examination.

Difficulty level: Easy .

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