Gce Model Questions Vol1 2023 Commerce Question 13
Practice objective / multiple choice question 13 from the 2023 Gce Model Questions Vol1 Commerce examination.
A retailer purchases 500 units of a product for a total cost of \(\text{₦}120\,000\). He adds a markup of 30\% on the cost price per unit to set the selling price. For bulk orders of 100 units or more he offers a discount of 10\% on the selling price. Fixed overheads for the month are \(\text{₦}15\,000\). Assuming all sales are bulk orders, how many units must be sold to achieve a profit of \(\text{₦}20\,000\) after covering overheads?
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About This Question
This is Gce Model Questions Vol1 2023 Commerce Question 13. It is one of the objective questions from the 2023 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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