Post Utme Redeemers University 2018 Commerce Question 11
Practice objective / multiple choice question 11 from the 2018 Post Utme Redeemers University Commerce examination.
A company's sole trader is considering the purchase of a new warehouse to store its inventory. The warehouse has a capacity of 10,000 units and costs ₦5 million to purchase. The company's current warehouse has a capacity of 5,000 units and costs ₦2 million to rent. If the company expects to increase its sales by 20% in the next year, what is the minimum amount of money the company should save each month to afford the new warehouse?
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About This Question
This is Post Utme Redeemers University 2018 Commerce Question 11. It is one of the objective questions from the 2018 Post Utme Redeemers University Commerce examination.
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