Gce Model Questions Vol1 2022 Commerce Question 23
Practice objective / multiple choice question 23 from the 2022 Gce Model Questions Vol1 Commerce examination.
A retailer purchases a product at a wholesale cost of ₦2,400 per unit. He applies a markup of 30\% on cost to determine the selling price, and then offers a seasonal discount of 5\% on that selling price to customers. The retailer incurs fixed monthly rent of ₦45,000 and a variable overhead of ₦150 for each unit sold. How many units must be sold in a month for the retailer to achieve a profit of ₦20,000? Give the smallest whole number of units.
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About This Question
This is Gce Model Questions Vol1 2022 Commerce Question 23. It is one of the objective questions from the 2022 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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