- 1 Marks
QTB – Nov 2014 – L1 – SA – Q17 – Mathematics of Business Finance
Calculates the estimated retailer’s daily cost based on sales and commission.
Question
A retailer sells 2,000 cups of ice cream daily at Bolekaja bus stop for N250 per cup. If the retailer’s commission on each cup is 27% of the selling price, the estimated retailer’s daily cost will be:
A. N250,000
B. N285,000
C. N325,000
D. N350,000
E. N365,000
Find Related Questions by Tags, levels, etc.
- Tags: Commission, Ice Cream Sales, Retailer Cost
- Level: Level 1
- Topic: Mathematics of Business Finance
- Series: NOV 2014
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