Waec Model Questions Vol1 2022 Commerce Question 26
Practice objective / multiple choice question 26 from the 2022 Waec Model Questions Vol1 Commerce examination.
A retailer bought 120 shirts for a total cost of ₦96,000. He marked each shirt up by the same percentage to obtain the marked price. He then offered a first discount of 10% on the marked price and a second discount of 5% on the reduced price. After these two discounts he sold all the shirts and realised a profit of 20% on his total cost. What markup percentage (to the nearest whole percent) did the retailer apply to the shirts?
Answer Options
About This Question
This is Waec Model Questions Vol1 2022 Commerce Question 26. It is one of the objective questions from the 2022 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.