Neco 2018 Commerce Question 30
Practice objective / multiple choice question 30 from the 2018 Neco Commerce examination.
A home‑based bakery produces cakes. The variable cost per cake is \(\text{₦}1,200\). Fixed monthly costs total \(\text{₦}150,000\). Cakes are sold at a list price of \(\text{₦}2,500\) each. For orders of 20 cakes or more a bulk discount of 10\% on the list price is given. Sales tax of 5\% is added to the invoice amount after any discount. Determine the minimum number of cakes that must be sold in a month to achieve a profit of at least \(\text{₦}50,000\) after tax.
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About This Question
This is Neco 2018 Commerce Question 30. It is one of the objective questions from the 2018 Neco Commerce examination.
Difficulty level: Medium .
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