Gce Model Questions Vol1 2019 Commerce Question 43
Practice objective / multiple choice question 43 from the 2019 Gce Model Questions Vol1 Commerce examination.
A retailer sells a gadget with a standard selling price of \(\text{₦}12,000\) per unit. Variable cost per unit is \(\text{₦}7,500\) and fixed monthly costs are \(\text{₦}1,200,000\). The retailer offers a bulk discount: the first 200 units sold each month are at the full price, but any unit beyond 200 receives a \(5\%\) discount on the selling price. What is the minimum number of units the retailer must sell in a month to achieve a profit of at least \(\text{₦}300,000\)?
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About This Question
This is Gce Model Questions Vol1 2019 Commerce Question 43. It is one of the objective questions from the 2019 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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