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WAEC Marketing 2021 Question 38

Question 38

Pricing

If the unit cost price of a product is ₦90 and sold at a profit margin of 50%, what is the selling price?

  1. A.₦45
  2. B.₦90
  3. C.₦135
  4. D.₦180
Show the answer and explanation

Answer: C (₦135)

Explanation

Profit = 50% of ₦90 = ₦45, so selling price = ₦90 + ₦45 = ₦135.