Neco Model Questions Vol1 2024 Commerce Question 47
Practice objective / multiple choice question 47 from the 2024 Neco Model Questions Vol1 Commerce examination.
A retailer purchases a batch of 200 identical items at a cost price of \(x\) Naira per item. He marks each item up by 30% and then offers a 15% discount on the marked price during a sale. After the sale, the retailer incurs a fixed overhead of \(\text{₦}12,000\) for the whole batch. What is the minimum cost price \(x\) (in Naira) per item that will allow the retailer to achieve at least a 10% overall profit on the batch?
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About This Question
This is Neco Model Questions Vol1 2024 Commerce Question 47. It is one of the objective questions from the 2024 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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