Waec Model Questions Vol1 2017 Commerce Question 22
Practice objective / multiple choice question 22 from the 2017 Waec Model Questions Vol1 Commerce examination.
A retailer purchases 200 units of a gadget at ₦1,200 each. Fixed overhead for the month is ₦30,000 and a variable overhead of ₦50 is incurred for each unit sold. He intends to earn a profit equal to 25% of the total cost (purchase cost plus both overheads) after selling all units. For sales beyond 150 units he will give a promotional discount of 10% on the regular selling price. What regular selling price per unit (before any discount) must he set to meet his profit target?
Answer Options
About This Question
This is Waec Model Questions Vol1 2017 Commerce Question 22. It is one of the objective questions from the 2017 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.