Post Utme Joseph Ayo Babalola University 2021 Commerce Question 20

Practice objective / multiple choice question 20 from the 2021 Post Utme Joseph Ayo Babalola University Commerce examination.

Post Utme Joseph Ayo Babalola University 2021 Commerce Objective / Multiple Choice
Question 20 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2021 • COMMERCE • objective

A company has a warehouse with a capacity to store 1000 units of goods. The warehouse is currently 70% full, and the company wants to store an additional 500 units of goods. If the storage cost is ₦5 per unit and the rental cost is ₦1000 per day, what is the minimum number of days the company needs to rent the warehouse to store the additional 500 units of goods?

Answer Options

A. 10 days
Correct Answer B. 15 days
C. 20 days
D. 25 days
Correct Answer
B
Correct Option:
15 days

About This Question

This is Post Utme Joseph Ayo Babalola University 2021 Commerce Question 20. It is one of the objective questions from the 2021 Post Utme Joseph Ayo Babalola University Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support