Neco Model Questions Vol1 2025 Commerce Question 7

Practice objective / multiple choice question 7 from the 2025 Neco Model Questions Vol1 Commerce examination.

Neco Model Questions Vol1 2025 Commerce Objective / Multiple Choice Easy Difficulty
Question 7 NECO_MODEL_QUESTIONS_VOL1 • 2025 • COMMERCE • objective

A retailer purchases 120 units of Item X at \(\text{₦}2{,}350\) each and 80 units of Item Y at \(\text{₦}3{,}150\) each. He sells all units of X at \(\text{₦}2{,}800\) each and all units of Y at \(\text{₦}3{,}600\) each. What is the overall percentage profit on the whole transaction, correct to one decimal place?

Answer Options

Correct Answer A. 16.9
B. 116.9
C. 14.4
D. 16.8
Correct Answer
A
Correct Option:
16.9

About This Question

This is Neco Model Questions Vol1 2025 Commerce Question 7. It is one of the objective questions from the 2025 Neco Model Questions Vol1 Commerce examination.

Difficulty level: Easy .

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support