Gce Model Questions Vol1 2023 Commerce Question 29
Practice objective / multiple choice question 29 from the 2023 Gce Model Questions Vol1 Commerce examination.
A retailer sells a product for \(\text{₦}5,000\) per unit. Variable cost per unit (including purchase price, packaging and sales commission) is \(\text{₦}3,200\). Fixed monthly overheads are \(\text{₦}120,000\). The retailer offers a seasonal discount of 10 % on the selling price for the first 20 % of the monthly sales volume. The retailer wants a monthly profit of \(\text{₦}80,000\). Assuming the retailer sells exactly the quantity needed to meet the target profit, how many units must be sold in the month? (Round up to the nearest whole unit.)
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About This Question
This is Gce Model Questions Vol1 2023 Commerce Question 29. It is one of the objective questions from the 2023 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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