Waec Model Questions Vol1 2017 Commerce Question 46
Practice objective / multiple choice question 46 from the 2017 Waec Model Questions Vol1 Commerce examination.
A retailer purchases 200 units of a product for a total cost of ₦48,000. He marks each unit 25% above its unit cost price. He first gives a 10% discount on the marked price to wholesale buyers and then an additional 5% discount on the already discounted price to retail customers. After selling all units at the final price, he pays a sales commission equal to 2% of the total sales revenue. What is the retailer's net profit percentage on the whole transaction? Express your answer to two decimal places.
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About This Question
This is Waec Model Questions Vol1 2017 Commerce Question 46. It is one of the objective questions from the 2017 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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