What is the retailer’s profit per bag of rice if he incurs an additional cost of N500 on each bag of rice?

By: |Published on: Jan 15|Categories: Marketing WAEC| 0 comments

A retailer’s cost and selling price for a bag of rice are N10,000 and N14,000 respectively.

A. N3,000
B. N3,500
C. N4,000
D. N4,500

Correct Answer:

Option B – N3,500

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