Post Utme Unilorin 2023 Commerce Question 33
Practice objective / multiple choice question 33 from the 2023 Post Utme Unilorin Commerce examination.
A company is considering the introduction of a new product line. The product line has a high fixed cost of ₦5 million and a variable cost of ₦10,000 per unit. The selling price of each unit is ₦20,000. If the company expects to sell 10,000 units in the first year, what is the minimum revenue required to break even?
Answer Options
About This Question
This is Post Utme Unilorin 2023 Commerce Question 33. It is one of the objective questions from the 2023 Post Utme Unilorin Commerce examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.