Post Utme Summit University 2019 Commerce Question 40
Practice objective / multiple choice question 40 from the 2019 Post Utme Summit University Commerce examination.
A company is considering exporting its product to a foreign market. The company has a fixed cost of ₦200,000 and a variable cost of ₦20 per unit. The selling price in the foreign market is ₦60 per unit. If the exchange rate is 1 USD = 360 NGN, what is the minimum quantity that the company must export to break even?
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About This Question
This is Post Utme Summit University 2019 Commerce Question 40. It is one of the objective questions from the 2019 Post Utme Summit University Commerce examination.
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