Gce Model Questions Vol1 2017 Commerce Question 3
Practice objective / multiple choice question 3 from the 2017 Gce Model Questions Vol1 Commerce examination.
A wholesaler purchases a product from a manufacturer at \(\text{₦}\)\(80\) per unit. If the order exceeds \(500\) units, a volume discount of \(5\%\) is applied to the total purchase price. An order handling fee of \(\text{₦}\)\(1{,}200\) is charged per order. The wholesaler sells each unit to retailers at a markup of \(30\%\) on his effective cost per unit (including any discount and the allocated handling fee). To achieve a profit of at least \(\text{₦}\)\(10{,}000\) on the order, what is the minimum number of units the wholesaler must purchase? (Assume the smallest integer quantity that satisfies the condition.)
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About This Question
This is Gce Model Questions Vol1 2017 Commerce Question 3. It is one of the objective questions from the 2017 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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