Neco Model Questions Vol1 2019 Commerce Question 17
Practice objective / multiple choice question 17 from the 2019 Neco Model Questions Vol1 Commerce examination.
A trader purchases 500 units of a product at a unit cost of \(\text{₦}2,400\). He receives a trade discount of 5 % on the total invoice, then adds a markup of 20 % on the discounted cost to set his selling price per unit. He also pays a sales commission equal to 3 % of the total sales revenue. What is his net profit from the transaction? Give your answer to the nearest naira.
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About This Question
This is Neco Model Questions Vol1 2019 Commerce Question 17. It is one of the objective questions from the 2019 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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