Gce Model Questions Vol1 2025 Economics Question 7

Practice objective / multiple choice question 7 from the 2025 Gce Model Questions Vol1 Economics examination.

Gce Model Questions Vol1 2025 Economics Objective / Multiple Choice Medium Difficulty
Question 7 GCE_MODEL_QUESTIONS_VOL1 • 2025 • ECONOMICS • objective

A firm incurs fixed costs of ₦120,000 and a variable cost of ₦45 per unit. It plans to sell 5,000 units of its product. The corporation tax rate is 30 %. The firm wishes to achieve an after‑tax profit of ₦150,000. What minimum price per unit must it charge?

Answer Options

A. 115.20
B. 108.45
C. 120.00
Correct Answer D. 111.86
Correct Answer
D
Correct Option:
111.86

About This Question

This is Gce Model Questions Vol1 2025 Economics Question 7. It is one of the objective questions from the 2025 Gce Model Questions Vol1 Economics examination.

Difficulty level: Medium .

View More Gce Model Questions Vol1 2025 Economics Questions More Gce Model Questions Vol1 Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support