Gce Model Questions Vol1 2024 Commerce Question 48
Practice objective / multiple choice question 48 from the 2024 Gce Model Questions Vol1 Commerce examination.
A transport firm charges \(\text{₦}150\) per kilometre for a contract, but offers a volume discount: for any kilometre beyond 1 200 km in a month the rate falls to \(\text{₦}130\) per kilometre. The firm's fixed monthly cost is \(\text{₦}80\,000\) and its variable cost is \(\text{₦}90\) per kilometre. What is the minimum total distance the firm must travel in a month to achieve a profit of at least \(\text{₦}30\,000\)?
Answer Options
About This Question
This is Gce Model Questions Vol1 2024 Commerce Question 48. It is one of the objective questions from the 2024 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.