Neco Model Questions Vol1 2024 Commerce Question 41
Practice objective / multiple choice question 41 from the 2024 Neco Model Questions Vol1 Commerce examination.
A wholesaler purchases a batch of goods from a manufacturer at an unknown cost price \(C\) naira. He adds a markup of 30 % to set his list price \(L\). He then offers a trade discount of 12 % on \(L\) to a retailer. After the retailer pays the discounted price, the wholesaler pays a commission of 5 % of that discounted price to his sales agent. If the wholesaler's net receipt after paying the commission is exactly ₦150 000, what was the original cost price \(C\) (rounded to the nearest naira)?
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About This Question
This is Neco Model Questions Vol1 2024 Commerce Question 41. It is one of the objective questions from the 2024 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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