WAEC Marketing 2022 Objective — Question 19
Question 19 of 40 from the West African Examinations Council (WAEC) Marketing 2022 Objective paper, with the correct answer and a full explanation.
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Using the same figures, what is the retailer's profit per bag of rice if he incurs an additional cost of #500 on each bag of rice?
- A. #3,000
- B. #4,000
- C. #3,500Correct
- D. #4,500
Explanation
Profit = selling price − cost = 14,000−10,000 = 4,000. Accounting for the additional #500 cost: 4,000−500 = #3,500.
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