Waec Model Questions Vol1 2020 Commerce Question 3
Practice objective / multiple choice question 3 from the 2020 Waec Model Questions Vol1 Commerce examination.
A transport company runs a bus service between City A and City B, a distance of 320 km. The bus seats 50 passengers. Fixed operating cost per trip is ₦45,000 and the variable cost is ₦120 per kilometre per bus. The company offers a 15% early‑booking discount to passengers who book at least 7 days in advance. If 80% of the seats are sold with the discount and the remaining seats are sold at the full fare, what should be the full fare (per passenger) so that the company makes a profit of at least ₦30,000 per trip? Give the answer rounded up to the nearest Naira.
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About This Question
This is Waec Model Questions Vol1 2020 Commerce Question 3. It is one of the objective questions from the 2020 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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