Neco Model Questions Vol1 2021 Commerce Question 35
Practice objective / multiple choice question 35 from the 2021 Neco Model Questions Vol1 Commerce examination.
A home‑based baker produces (250) loaves of bread each week. The ingredient cost per loaf is ₦(350) and weekly overheads (electricity, water, packaging) total ₦(20{,}000). The baker wishes to apply a markup of (30\%\) on the total weekly cost and then add a Value‑Added Tax (VAT) of (7.5\%\) on the selling price. If all loaves are sold, what should be the selling price per loaf? Give your answer to two decimal places.
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About This Question
This is Neco Model Questions Vol1 2021 Commerce Question 35. It is one of the objective questions from the 2021 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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