Waec Model Questions Vol1 2024 Commerce Question 17
Practice objective / multiple choice question 17 from the 2024 Waec Model Questions Vol1 Commerce examination.
A retailer sells a product at a regular price of ₦1,200 per unit. The variable cost per unit is ₦720 and the fixed monthly cost is ₦150,000. To encourage bulk purchases, the retailer offers a 10% discount on the selling price for any buyer who purchases at least 200 units in a single transaction (the discounted price is therefore ₦1,080 per unit). The conversion (i.e., purchase) rates are 0.02% of regular‑price buyers and 0.05% of bulk‑price buyers. Assuming the retailer can sell any number of regular and bulk units in a month, what is the minimum total number of units that must be sold (regular plus bulk) in the month to achieve a profit of at least ₦100,000? State the answer as the smallest integer total units.
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About This Question
This is Waec Model Questions Vol1 2024 Commerce Question 17. It is one of the objective questions from the 2024 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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