Neco Model Questions Vol1 2020 Commerce Question 11
Practice objective / multiple choice question 11 from the 2020 Neco Model Questions Vol1 Commerce examination.
A wholesaler purchases a batch of 200 units at a total cost of ₦500,000. He marks the goods up by (30\%\) above cost. He then offers a trade discount of (10\%\) on the marked price and, for early payment, an additional cash discount of (5\%\) on the discounted price. A retailer buys the whole batch, pays early, and intends to sell each unit at a price that gives him a profit of (12\%\) on his purchase price. What is the retailer's total profit in Naira?
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About This Question
This is Neco Model Questions Vol1 2020 Commerce Question 11. It is one of the objective questions from the 2020 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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