Post Utme Delsu 2017 Commerce Question 7
Practice objective / multiple choice question 7 from the 2017 Post Utme Delsu Commerce examination.
A firm is considering the introduction of a new product. The product has a fixed cost of ₦3,000,000 and a variable cost of ₦1,000 per unit. The selling price of the product is ₦2,500 per unit. If the firm expects to sell 20,000 units, what is the minimum price at which the product should be sold to break even?
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About This Question
This is Post Utme Delsu 2017 Commerce Question 7. It is one of the objective questions from the 2017 Post Utme Delsu Commerce examination.
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