Post Utme Ims U 2021 Commerce Question 32
Practice objective / multiple choice question 32 from the 2021 Post Utme Ims U Commerce examination.
A company is considering launching a new product line of eco-friendly cleaning products. The company has conducted market research and found that the demand for eco-friendly cleaning products is increasing rapidly. However, the company is concerned about the high production costs associated with using natural ingredients. If the company expects to sell 1000 units of the new product per month at a price of ₦500 per unit, and the production cost per unit is ₦300, what is the minimum price the company should charge to ensure a profit of ₦50 per unit?
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About This Question
This is Post Utme Ims U 2021 Commerce Question 32. It is one of the objective questions from the 2021 Post Utme Ims U Commerce examination.
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