Post Utme Esut 2021 Commerce Question 30
Practice objective / multiple choice question 30 from the 2021 Post Utme Esut Commerce examination.
A company is considering the introduction of a new product line. The product line has a high initial investment cost of ₦5 million but has a potential market size of 100,000 units. The company estimates that the production cost per unit will be ₦2,500. If the company wants to achieve a profit margin of 20%, what should be the selling price of each unit?
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About This Question
This is Post Utme Esut 2021 Commerce Question 30. It is one of the objective questions from the 2021 Post Utme Esut Commerce examination.
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