Neco Model Questions Vol1 2022 Commerce Question 41

Practice objective / multiple choice question 41 from the 2022 Neco Model Questions Vol1 Commerce examination.

Neco Model Questions Vol1 2022 Commerce Objective / Multiple Choice Easy Difficulty
Question 41 NECO_MODEL_QUESTIONS_VOL1 • 2022 • COMMERCE • objective

A trader buys 120 metres of fabric at \(\text{₦}2,500\) per metre. He sells \(80\%\) of the fabric at a \(20\%\) profit on cost and the remaining \(20\%\) at a \(10\%\) loss. What is the overall profit percentage on the whole transaction?

Answer Options

A. 10\% profit
Correct Answer B. 14\% profit
C. 8\% loss
D. 16\% profit
Correct Answer
B
Correct Option:
14\% profit

About This Question

This is Neco Model Questions Vol1 2022 Commerce Question 41. It is one of the objective questions from the 2022 Neco Model Questions Vol1 Commerce examination.

Difficulty level: Easy .

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