Neco Model Questions Vol1 2020 Commerce Question 41

Practice objective / multiple choice question 41 from the 2020 Neco Model Questions Vol1 Commerce examination.

Neco Model Questions Vol1 2020 Commerce Objective / Multiple Choice Easy Difficulty
Question 41 NECO_MODEL_QUESTIONS_VOL1 • 2020 • COMMERCE • objective

A trader buys goods for ₦150,000. He adds a markup of \(25\%\) to determine his selling price and then pays a sales tax of \(5\%\) on the selling price. What is the final selling price (including tax) in naira?

Answer Options

A. 187500
B. 195000
C. 189375
Correct Answer D. 196875
Correct Answer
D
Correct Option:
196875

About This Question

This is Neco Model Questions Vol1 2020 Commerce Question 41. It is one of the objective questions from the 2020 Neco Model Questions Vol1 Commerce examination.

Difficulty level: Easy .

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