Waec Model Questions Vol1 2023 Commerce Question 26
Practice objective / multiple choice question 26 from the 2023 Waec Model Questions Vol1 Commerce examination.
A retailer purchases 120 units of a product at ₦2,500 each. He wants to earn a profit of 20% on his total cost after giving a trade discount of 10% on the marked price and charging a value‑added tax (VAT) of 7.5% on the selling price (after discount). What should be the marked price per unit (in naira) that will achieve this target profit?
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About This Question
This is Waec Model Questions Vol1 2023 Commerce Question 26. It is one of the objective questions from the 2023 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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