Neco 2017 Commerce Question 8
Practice objective / multiple choice question 8 from the 2017 Neco Commerce examination.
A trucking company transports wheat over \(350\) km. The truck's capacity is \(20\) tonnes. Fixed cost per trip (driver salary, depreciation) is \(\text{₦}50{,}000\). Variable cost is \(\text{₦}20\) per km. The company charges \(\text{₦}4{,}000\) per tonne delivered. Determine the minimum load factor (as a percentage of full capacity) the truck must carry to break even on a trip.
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About This Question
This is Neco 2017 Commerce Question 8. It is one of the objective questions from the 2017 Neco Commerce examination.
Difficulty level: Medium .
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