Waec Model Questions Vol1 2024 Commerce Question 3

Practice essay / theory question 3 from the 2024 Waec Model Questions Vol1 Commerce examination. This question covers Home Trade .

Waec Model Questions Vol1 2024 Commerce Essay / Theory

Topic: Home Trade

Question 3 WAEC_MODEL_QUESTIONS_VOL1 • 2024 • COMMERCE • essay

Ada started a home‑based retail shop that sells handcrafted wooden toys. Her fixed monthly costs are ₦120,000, the variable cost per toy is ₦2,500 and the regular selling price per toy is ₦4,500.

Question Parts

( a )

Determine the break‑even quantity of toys per month.

( b )

After three months Ada offers a 10 % discount on the selling price to boost sales. Assuming the variable cost per toy remains unchanged, calculate the new break‑even quantity.

( c )

Discuss two advantages and two disadvantages of using a discount strategy in a small home‑based business, linking your discussion to the results obtained in parts (a) and (b).

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About This Question

This is Waec Model Questions Vol1 2024 Commerce Question 3. It is one of the essay questions from the 2024 Waec Model Questions Vol1 Commerce examination.

The question covers Home Trade .

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