Waec Model Questions Vol1 2019 Commerce Question 30
Practice objective / multiple choice question 30 from the 2019 Waec Model Questions Vol1 Commerce examination.
A trader buys cocoa beans at ₦150 per kg. He pays a transport cost of ₦5 per kg and a commission of 2% of the purchase price to a middleman. He intends to earn a 10% profit on his total cost (purchase price + transport + commission). The market imposes a sales tax of 5% on the selling price, which the trader must pay. What selling price per kg (in ₦, to two decimal places) must the trader set so that after paying the sales tax he still achieves the intended 10% profit?
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About This Question
This is Waec Model Questions Vol1 2019 Commerce Question 30. It is one of the objective questions from the 2019 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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