Neco Model Questions Vol1 2019 Commerce Question 27

Practice objective / multiple choice question 27 from the 2019 Neco Model Questions Vol1 Commerce examination.

Neco Model Questions Vol1 2019 Commerce Objective / Multiple Choice Easy Difficulty
Question 27 NECO_MODEL_QUESTIONS_VOL1 • 2019 • COMMERCE • objective

A retailer purchases a batch of merchandise for ₦45,000. He marks up the merchandise by 25 % on cost. If a customer pays cash within the discount period and receives a 5 % discount on the marked‑up price, what amount does the customer actually pay?

Answer Options

Correct Answer A. 53,438
B. 51,300
C. 56,250
D. 53,440
Correct Answer
A
Correct Option:
53,438

About This Question

This is Neco Model Questions Vol1 2019 Commerce Question 27. It is one of the objective questions from the 2019 Neco Model Questions Vol1 Commerce examination.

Difficulty level: Easy .

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