Waec Model Questions Vol1 2024 Commerce Question 30
Practice objective / multiple choice question 30 from the 2024 Waec Model Questions Vol1 Commerce examination.
A retailer purchases a product for ₦2,500 per unit. He applies a 40% markup on cost to set the selling price before tax. He then offers a 5% trade discount on this pre‑VAT price to wholesale customers. Finally, a VAT of 7.5% is added to the discounted price. What is the final price paid by a wholesale customer (including VAT) and what is the retailer's profit per unit on that sale?
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About This Question
This is Waec Model Questions Vol1 2024 Commerce Question 30. It is one of the objective questions from the 2024 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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