Post Utme Summit University 2024 Commerce Question 34
Practice objective / multiple choice question 34 from the 2024 Post Utme Summit University Commerce examination.
A company is considering the introduction of a new production process. The new process has a higher fixed cost of ₦1,000,000 and a variable cost of ₦150 per unit. The selling price of the product is ₦350 per unit. If the company expects to sell 1,500 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 Summit University 2024 Commerce Question 34. It is one of the objective questions from the 2024 Post Utme Summit University Commerce examination.
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