Neco 2017 Commerce Question 49
Practice objective / multiple choice question 49 from the 2017 Neco Commerce examination.
A wholesaler buys a product at N800 per unit. He adds a trade margin of 25 % on the purchase price and is required to charge a sales tax of 7.5 % on the selling price before any discount. He also offers a cash discount of 5 % on the selling price for customers who pay within 10 days. Fixed monthly overhead is N120,000 and the wholesaler wants a net profit of at least N150,000 each month. Assuming all customers take the cash discount, determine the minimum number of units the wholesaler must sell each month to meet his profit target.
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About This Question
This is Neco 2017 Commerce Question 49. It is one of the objective questions from the 2017 Neco Commerce examination.
Difficulty level: Medium .
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