Waec Model Questions Vol1 2024 Commerce Question 4
Practice objective / multiple choice question 4 from the 2024 Waec Model Questions Vol1 Commerce examination.
A transport company operates a truck that incurs the following monthly fixed costs: driver's salary ₦120,000, insurance ₦30,000, and loan repayment ₦45,000. Variable costs are fuel at ₦210 per litre with a consumption of 0.35 litre per kilometre, and maintenance costing ₦0.25 per kilometre. The company charges a freight rate of ₦1,200 per kilometre. How many kilometres must the truck travel in a month to achieve a profit of at least ₦150,000? (Assume all costs and revenue are linear with distance.)
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About This Question
This is Waec Model Questions Vol1 2024 Commerce Question 4. It is one of the objective questions from the 2024 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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