Post Utme Wellspring University 2023 Commerce Question 20

Practice objective / multiple choice question 20 from the 2023 Post Utme Wellspring University Commerce examination.

Post Utme Wellspring University 2023 Commerce Objective / Multiple Choice
Question 20 POST_UTME_WELLSPRING_UNIVERSITY • 2023 • COMMERCE • objective

A company is considering launching a new product. The company expects to spend ₦500,000 on advertising and ₦200,000 on production. If the company expects to sell 1,000 units at a price of ₦200 per unit, what is the minimum price the company must charge to break even?

Answer Options

A. ₦150
Correct Answer B. ₦175
C. ₦200
D. ₦225
Correct Answer
B
Correct Option:
₦175

About This Question

This is Post Utme Wellspring University 2023 Commerce Question 20. It is one of the objective questions from the 2023 Post Utme Wellspring University Commerce examination.

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