Neco 2017 Commerce Question 50
Practice objective / multiple choice question 50 from the 2017 Neco Commerce examination.
A wholesale dealer has fixed monthly costs of N200,000 and a variable cost of N400 per unit. In month A he sold 2,500 units and earned a profit of N150,000. In month B he plans to increase his profit by 20 % while keeping the selling price per unit unchanged, but expects to sell 10 % more units. Is the new profit target attainable? If it is, state the expected profit; if not, calculate the additional amount (in Naira) that must be added to the selling price per unit to achieve the target.
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About This Question
This is Neco 2017 Commerce Question 50. It is one of the objective questions from the 2017 Neco Commerce examination.
Difficulty level: Medium .
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