Neco Model Questions Vol1 2023 Commerce Question 9
Practice objective / multiple choice question 9 from the 2023 Neco Model Questions Vol1 Commerce examination.
A retailer sells two products, A and B. Product\,A is sold with a 40\% markup on its cost price, while product\,B is sold with a 25\% markup on its cost price. In a month, the revenue from product\,A is twice that from product\,B, and the combined revenue is ₦525,000. The total cost of goods sold for the two products together is ₦390,000. Find the individual cost price of product\,A and product\,B.
Answer Options
About This Question
This is Neco Model Questions Vol1 2023 Commerce Question 9. It is one of the objective questions from the 2023 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.