Waec Model Questions Vol1 2022 Commerce Question 38

Practice objective / multiple choice question 38 from the 2022 Waec Model Questions Vol1 Commerce examination.

Waec Model Questions Vol1 2022 Commerce Objective / Multiple Choice Medium Difficulty
Question 38 WAEC_MODEL_QUESTIONS_VOL1 • 2022 • COMMERCE • objective

A home‑based baker produces loaves of bread. The variable cost per loaf is ₦250 and she pays a monthly kitchen rent of ₦30,000. She sells each loaf at a price that is 100% above the variable cost. A sales tax of 7.5% is added to this price. For orders of 50 loaves or more she gives a promotional discount of 5% on the tax‑inclusive price. In a month she sells 120 loaves, of which 70 loaves qualify for the promotional discount. What is her net profit for the month?

Answer Options

Correct Answer A. ₦2,618.75
B. ₦2,500.00
C. ₦2,750.00
D. ₦2,800.00
Correct Answer
A
Correct Option:
₦2,618.75

About This Question

This is Waec Model Questions Vol1 2022 Commerce Question 38. 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.

Unlock Full Access Available for Android & Windows
Chat with Support