Neco Model Questions Vol1 2020 Commerce Question 26
Practice objective / multiple choice question 26 from the 2020 Neco Model Questions Vol1 Commerce examination.
An entrepreneur buys 100 units of a product at \(\text{₦}500\) each. He sells \(60\%\) of the units at a profit of \(20\%\) on the cost price, and sells the remaining \(40\%\) at a loss of \(10\%\) on the cost price. What is the overall profit as a percentage of the total cost?
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About This Question
This is Neco Model Questions Vol1 2020 Commerce Question 26. It is one of the objective questions from the 2020 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Easy .
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