Neco Model Questions Vol1 2019 Commerce Question 46
Practice objective / multiple choice question 46 from the 2019 Neco Model Questions Vol1 Commerce examination.
A wholesaler purchases a product at a cost of \(\text{₦}400\) per unit. He marks the price up by a certain percentage to obtain the marked price. He offers a trade discount of 12 % on the marked price to all retailers, and an additional quantity discount of 5 % on the discounted price for orders exceeding 200 units. For an order of 250 units the wholesaler wants to earn an overall profit of 20 % on his total cost. What markup percentage must he apply to the cost price?
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About This Question
This is Neco Model Questions Vol1 2019 Commerce Question 46. It is one of the objective questions from the 2019 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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