Neco Model Questions Vol1 2019 Commerce Question 8
Practice objective / multiple choice question 8 from the 2019 Neco Model Questions Vol1 Commerce examination.
A retail shop sells a product with a regular selling price of ₦8,000 per unit and a cost price of ₦5,500 per unit. Fixed monthly overheads are ₦120,000. For the first 30 days of a 90‑day month the shop offers a seasonal discount of \(12\%\) on the selling price; during this period it sells 150 units. In the remaining 60 days it sells 90 units at the regular price. Determine the net profit for the month.
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About This Question
This is Neco Model Questions Vol1 2019 Commerce Question 8. It is one of the objective questions from the 2019 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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