Gce Model Questions Vol1 2021 Commerce Question 3
Practice objective / multiple choice question 3 from the 2021 Gce Model Questions Vol1 Commerce examination.
A retailer buys a product at a cost price of \(\text{₦}1{,}200\) per unit. Fixed monthly overheads are \(\text{₦}150{,}000\). The retailer sells at a markup of \(30\%\) on cost price, but offers a bulk discount of \(10\%\) on the selling price for any sale exceeding \(500\) units in a month. Additionally, a sales tax of \(5\%\) is applied on the final selling price after discount. What is the minimum number of units that must be sold in a month to achieve a profit of at least \(\text{₦}50{,}000\)?
Answer Options
About This Question
This is Gce Model Questions Vol1 2021 Commerce Question 3. It is one of the objective questions from the 2021 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.