Neco Model Questions Vol1 2025 Commerce Question 21

Practice objective / multiple choice question 21 from the 2025 Neco Model Questions Vol1 Commerce examination.

Neco Model Questions Vol1 2025 Commerce Objective / Multiple Choice Medium Difficulty
Question 21 NECO_MODEL_QUESTIONS_VOL1 • 2025 • COMMERCE • objective

A wholesaler sets a list price per unit \(L\). He gives a trade discount of 10% on \(L\) and, if payment is made within 15 days, a further cash discount of 2% on the trade‑discounted price. A retailer buys 200 units and, after taking both discounts, pays a total of \(\N{92,000}\). The wholesaler wants a profit margin of 15% on his cost price per unit. Determine (a) the wholesaler's cost price per unit, and (b) the original list price per unit he should have set.

Answer Options

Correct Answer A. (a) \(\approx\N{453.52}\) per unit, (b) \(\approx\N{521.55}\) per unit
B. (a) \\(\\approx\\N{440.00}\\) per unit, (b) \\(\\approx\\N{506.00}\\) per unit
C. (a) \\(\\approx\\N{452.00}\\) per unit, (b) \\(\\approx\\N{520.00}\\) per unit
D. (a) \\(\\approx\\N{460.00}\\) per unit, (b) \\(\\approx\\N{530.00}\\) per unit
Correct Answer
A
Correct Option:
(a) \(\approx\N{453.52}\) per unit, (b) \(\approx\N{521.55}\) per unit

About This Question

This is Neco Model Questions Vol1 2025 Commerce Question 21. It is one of the objective questions from the 2025 Neco Model Questions Vol1 Commerce examination.

Difficulty level: Medium .

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