Neco Model Questions Vol1 2023 Commerce Question 22

Practice objective / multiple choice question 22 from the 2023 Neco Model Questions Vol1 Commerce examination.

Neco Model Questions Vol1 2023 Commerce Objective / Multiple Choice Medium Difficulty

Question 22 NECO_MODEL_QUESTIONS_VOL1 • 2023 • COMMERCE • objective

A wholesaler purchases goods at 60 % of the marked price. He then adds a markup of 25 % on his cost to set the price for retailers. Retailers give a discount of 10 % on that price to consumers. If the consumer price is N \(12,000\), what was the original marked price?

Answer Options

A. 18,888.89

B. 15,555.56

C. 16,666.67

Correct Answer D. 17,777.78

Correct Answer

Correct Option:

17,777.78

About This Question

This is Neco Model Questions Vol1 2023 Commerce Question 22. It is one of the objective questions from the 2023 Neco Model Questions Vol1 Commerce examination.

Difficulty level: Medium .

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Neco Model Questions Vol1 2023 Commerce Question 22

A wholesaler purchases goods at 60 % of the marked price. He then adds a markup of 25 % on his cost to set the price for retailers. Retailers give a discount of 10 % on that price to consumers. If the consumer price is N \(12,000\), what was the original marked price?

Answer Options

About This Question

Master the Exam!

A wholesaler purchases goods at 60 % of the marked price. He then adds a markup of 25 % on his cost to set the price for retailers. Retailers give a discount of 10 % on that price to consumers. If the consumer price is N \(12,000\), what was the original marked price?