Gce Model Questions Vol1 2018 Commerce Question 38
Practice objective / multiple choice question 38 from the 2018 Gce Model Questions Vol1 Commerce examination.
A wholesaler plans to sell 300 units of product A and 200 units of product B (maintaining a 3 : 2 sales mix). Fixed costs amount to \(\text{N}150{,}000\). Variable costs are \(\text{N}70\) per unit of A and \(\text{N}130\) per unit of B. The selling price of product A is fixed at \(\text{N}120\) per unit, while the selling price of product B is to be set at \(X\) naira per unit. If the wholesaler wishes to achieve a total profit of \(\text{N}30{,}000\), determine the required selling price \(X\) of product B (rounded to the nearest naira).
Answer Options
About This Question
This is Gce Model Questions Vol1 2018 Commerce Question 38. It is one of the objective questions from the 2018 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.