Post Utme Redeemers University 2018 Commerce Question 16
Practice objective / multiple choice question 16 from the 2018 Post Utme Redeemers University Commerce examination.
A company is considering the introduction of a new product line. The product has a high fixed cost of ₦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 2,000 units, what is the minimum price at which the product must be sold to break even?
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About This Question
This is Post Utme Redeemers University 2018 Commerce Question 16. It is one of the objective questions from the 2018 Post Utme Redeemers University Commerce examination.
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