Neco Model Questions Vol1 2022 Commerce Question 9
Practice objective / multiple choice question 9 from the 2022 Neco Model Questions Vol1 Commerce examination.
A retailer purchases 500 units of a product at \(8{,}000\) naira each. He adds a 30% markup to set the selling price, then offers a 15% seasonal discount on that price, and finally a sales tax of 5% is applied to the discounted price. The retailer also incurs a fixed overhead of \(200{,}000\) naira for the batch. Determine (a) the final price per unit the consumer pays, and (b) the retailer's overall profit or loss after selling all units.
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About This Question
This is Neco Model Questions Vol1 2022 Commerce Question 9. It is one of the objective questions from the 2022 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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