Post Utme Nile University 2022 Commerce Question 11
Practice objective / multiple choice question 11 from the 2022 Post Utme Nile University Commerce examination.
A company is considering the introduction of a new product line. The product line has a high fixed cost of ₦1,500,000 and a variable cost of ₦200 per unit. The selling price of the product is ₦300 per unit. If the company expects to sell 10,000 units, what is the minimum price at which the company must sell the product to break even?
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About This Question
This is Post Utme Nile University 2022 Commerce Question 11. It is one of the objective questions from the 2022 Post Utme Nile University Commerce examination.
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