Waec Model Questions Vol1 2019 Commerce Question 39
Practice objective / multiple choice question 39 from the 2019 Waec Model Questions Vol1 Commerce examination.
A wholesaler buys a product at ₦250 per unit. He adds a freight charge of ₦15 per unit and a handling charge of ₦5 per unit. He then applies a markup of 30% on the total cost (cost price + freight + handling) to set the wholesale price. To stimulate sales, he offers a trade discount of 12% on the wholesale price to retailers. What is the final price paid by the retailer per unit? Also, calculate the wholesaler's gross profit margin (as a percentage) on the original cost price (excluding freight and handling).
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About This Question
This is Waec Model Questions Vol1 2019 Commerce Question 39. It is one of the objective questions from the 2019 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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