Neco Model Questions Vol1 2025 Commerce Question 13
Practice objective / multiple choice question 13 from the 2025 Neco Model Questions Vol1 Commerce examination.
A retailer purchases 500 units of a product for a total cost of \(\text{₦}150,000\). The retailer adds a 30\% markup on the cost price to set the selling price per unit. For purchases of 20 units or more, a 12\% discount is offered on the selling price, and a sales tax of 5\% is applied to the discounted price. The retailer wishes to achieve an overall profit margin of at least 18\% on total revenue after tax for the whole batch. How many units must be sold at the bulk‑discount price (i.e., with discount and tax) to meet the profit target? Give the smallest whole number of units.
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About This Question
This is Neco Model Questions Vol1 2025 Commerce Question 13. It is one of the objective questions from the 2025 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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