Neco Model Questions Vol1 2024 Commerce Question 24
Practice objective / multiple choice question 24 from the 2024 Neco Model Questions Vol1 Commerce examination.
A retailer buys 200 units of a product for a total cost of ₦480,000 (including freight). He intends to set a marked price per unit that will allow a promotional discount of 12 % on the marked price while still achieving a gross profit margin of 30 % on the selling price after discount. What should be the marked price per unit (rounded to the nearest naira) before the discount is applied?
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About This Question
This is Neco Model Questions Vol1 2024 Commerce Question 24. It is one of the objective questions from the 2024 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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