Waec Model Questions Vol1 2018 Commerce Question 48
Practice objective / multiple choice question 48 from the 2018 Waec Model Questions Vol1 Commerce examination.
A retailer purchases 500 units of a product at ₦2,400 each. He intends to sell the units with a 35% markup on cost, but 8% of the units are expected to be returned as defective and will be refunded at the price actually paid by the consumer. For the first 200 units sold, a promotional discount of 12% on the selling price is offered. What is the minimum selling price per unit (before any discount) that guarantees an overall profit of at least ₦300,000 after accounting for the returns and the promotional discount?
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About This Question
This is Waec Model Questions Vol1 2018 Commerce Question 48. It is one of the objective questions from the 2018 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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