Waec Model Questions Vol1 2024 Commerce Question 36

Practice objective / multiple choice question 36 from the 2024 Waec Model Questions Vol1 Commerce examination.

Waec Model Questions Vol1 2024 Commerce Objective / Multiple Choice Medium Difficulty
Question 36 WAEC_MODEL_QUESTIONS_VOL1 • 2024 • COMMERCE • objective

A retailer purchases 200 units of a product for a total cost of ₦500,000. He marks up each unit by 30% on the cost price to set the marked price. He sells 120 units to a customer after giving a discount of 15% on the marked price. The remaining 80 units are later sold at a discount of 5% on the marked price. What is the overall profit percentage earned on the total cost?

Answer Options

A. 18.5%
B. 20.0%
Correct Answer C. 15.7%
D. 12.3%
Correct Answer
C
Correct Option:
15.7%

About This Question

This is Waec Model Questions Vol1 2024 Commerce Question 36. It is one of the objective questions from the 2024 Waec Model Questions Vol1 Commerce examination.

Difficulty level: Medium .

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