Waec Model Questions Vol1 2018 Geography Question 11
Practice objective / multiple choice question 11 from the 2018 Waec Model Questions Vol1 Geography examination.
A factory has fixed monthly costs of ₦2,500,000 and a variable cost of ₦150 per widget produced. The marked price of each widget is ₦500. A trade discount of 10% is given to wholesale buyers, followed by a cash discount of 2% on the discounted price for payment within 30 days. The government imposes a sales tax of 5% on the selling price. Assuming all widgets produced are sold to wholesale buyers, what is the minimum number of widgets that must be produced and sold in a month to achieve a profit of at least ₦1,000,000?
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About This Question
This is Waec Model Questions Vol1 2018 Geography Question 11. It is one of the objective questions from the 2018 Waec Model Questions Vol1 Geography examination.
Difficulty level: Hard .
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