Neco Model Questions Vol1 2019 Commerce Question 34

Practice objective / multiple choice question 34 from the 2019 Neco Model Questions Vol1 Commerce examination.

Neco Model Questions Vol1 2019 Commerce Objective / Multiple Choice Easy Difficulty
Question 34 NECO_MODEL_QUESTIONS_VOL1 • 2019 • COMMERCE • objective

A retailer buys a set of kitchen knives for \(45{,}000\) ₦ and marks them up by 30 % on the cost price. During a seasonal sale the retailer offers a further 10 % discount on the marked‑up price. What is the final selling price of the set and the profit earned per set?

Answer Options

A. Final price = 51,000 ₦; profit = 6,000 ₦
Correct Answer B. Final price = 52,650 ₦; profit = 7,650 ₦
C. Final price = 53,000 ₦; profit = 8,000 ₦
D. Final price = 52,650 ₦; profit = 8,500 ₦
Correct Answer
B
Correct Option:
Final price = 52,650 ₦; profit = 7,650 ₦

About This Question

This is Neco Model Questions Vol1 2019 Commerce Question 34. It is one of the objective questions from the 2019 Neco Model Questions Vol1 Commerce examination.

Difficulty level: Easy .

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