Neco Model Questions Vol1 2025 Commerce Question 45
Practice objective / multiple choice question 45 from the 2025 Neco Model Questions Vol1 Commerce examination.
A wholesaler purchases 800 units of a product at \(\text{₦}1,200\) each. Retailers who buy at least 200 units receive a 10 % trade discount on the invoice price, after which the wholesaler adds a 40 % markup to set the selling price. For orders exceeding 500 units the wholesaler gives an additional 5 % discount on the selling price (after markup). What is the smallest order quantity a retailer must purchase to obtain at least a 15 % profit margin for the wholesaler, and what is the selling price per unit (rounded to the nearest naira) for that order?
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About This Question
This is Neco Model Questions Vol1 2025 Commerce Question 45. It is one of the objective questions from the 2025 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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