Waec Model Questions Vol1 2020 Commerce Question 31
Practice objective / multiple choice question 31 from the 2020 Waec Model Questions Vol1 Commerce examination.
A retailer purchases a batch of goods for ₦5,000. He wants to earn a profit of 20% on the cost after offering a 10% discount to customers. The selling price before tax must cover the desired profit, and a sales tax of 5% is added to the price paid by the customer. What should be the marked price (price before discount) that the retailer sets?
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About This Question
This is Waec Model Questions Vol1 2020 Commerce Question 31. It is one of the objective questions from the 2020 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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