Post Utme Unilorin 2023 Commerce Question 13
Practice objective / multiple choice question 13 from the 2023 Post Utme Unilorin Commerce examination.
A company is considering investing in a new warehouse to store its inventory. The company has estimated that the warehouse will cost ₦10 million to build and will require an annual maintenance cost of ₦500,000. If the company expects to sell its products at a rate of 10,000 units per year and each unit sells for ₦100, what is the minimum number of years the company must operate at this rate to break even?
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About This Question
This is Post Utme Unilorin 2023 Commerce Question 13. It is one of the objective questions from the 2023 Post Utme Unilorin Commerce examination.
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