Neco Model Questions Vol1 2021 Commerce Question 31

Practice objective / multiple choice question 31 from the 2021 Neco Model Questions Vol1 Commerce examination.

Neco Model Questions Vol1 2021 Commerce Objective / Multiple Choice Easy Difficulty
Question 31 NECO_MODEL_QUESTIONS_VOL1 • 2021 • COMMERCE • objective

A trader buys (120) metres of fabric at ₦(2{,}500) per metre. He sells (80) metres at ₦(3{,}200) per metre and the remaining (40) metres at a (10\%\) discount on the original selling price. What is his overall profit percentage on the whole purchase? Express your answer to two decimal places.

Answer Options

A. 27.10\%
B. 31.25\%
C. 18.45\%
Correct Answer D. 23.73\%
Correct Answer
D
Correct Option:
23.73\%

About This Question

This is Neco Model Questions Vol1 2021 Commerce Question 31. It is one of the objective questions from the 2021 Neco Model Questions Vol1 Commerce examination.

Difficulty level: Easy .

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