Waec Model Questions Vol1 2020 Commerce Question 49
Practice objective / multiple choice question 49 from the 2020 Waec Model Questions Vol1 Commerce examination.
A retailer purchases 500 units of a product for a total cost of N250,000 (including freight). He expects that 10% of the units will be returned for a full refund. To achieve a net profit of N50,000 after accounting for the returns, what selling price per unit should he set? (Round to the nearest naira.)
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About This Question
This is Waec Model Questions Vol1 2020 Commerce Question 49. It is one of the objective questions from the 2020 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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