Waec Model Questions Vol1 2021 Commerce Question 47
Practice objective / multiple choice question 47 from the 2021 Waec Model Questions Vol1 Commerce examination.
A retailer purchases 200 units of an item at ₦8,000 each. He marks up the cost by 25% to set the selling price before tax. For the first 50 units sold he offers a 10% discount on this selling price; the remaining units are sold at the regular price. A sales tax of 5% is added to the price actually paid by customers. Calculate (i) the total revenue obtained from selling all 200 units and (ii) the overall profit percentage on the whole batch.
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About This Question
This is Waec Model Questions Vol1 2021 Commerce Question 47. It is one of the objective questions from the 2021 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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