Neco Model Questions Vol1 2023 Commerce Question 18
Practice objective / multiple choice question 18 from the 2023 Neco Model Questions Vol1 Commerce examination.
A wholesaler lists a product at \(\N{Naira}250\) per unit. He offers a trade discount of 12% to a retailer, and the retailer adds a sales tax (VAT) of 7.5% on the discounted price. If the wholesaler's cost per unit is \(\N{Naira}150\), what is the wholesaler's profit margin (as a percentage) on the final amount received after tax?
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About This Question
This is Neco Model Questions Vol1 2023 Commerce Question 18. It is one of the objective questions from the 2023 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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