Neco 2018 Commerce Question 43

Practice objective / multiple choice question 43 from the 2018 Neco Commerce examination.

Neco 2018 Commerce Objective / Multiple Choice Medium Difficulty
Question 43 NECO • 2018 • COMMERCE • objective

A wholesaler purchases a product at \\(\text{₦}250\\) per unit. Fixed monthly overhead is \\(\text{₦}150{,}000\\). He sells at a markup of 30\\% on cost. During a promotional period he offers a seasonal discount of 10\\% on the selling price.\n\n(a) How many units must he sell during the promotion to break even?\n\n(b) If he sells 800 units during the promotion, what is his profit (or loss) for that month?

Answer Options

A. Break‑even: 3,530 units; Profit for 800 units: -₦110,000 (loss)
B. Break‑even: 3,200 units; Profit for 800 units: -₦120,000 (loss)
C. Break‑even: 3,800 units; Profit for 800 units: -₦100,000 (loss)
Correct Answer D. Break‑even: 3,530 units; Profit for 800 units: -₦116,000 (loss)
Correct Answer
D
Correct Option:
Break‑even: 3,530 units; Profit for 800 units: -₦116,000 (loss)

About This Question

This is Neco 2018 Commerce Question 43. It is one of the objective questions from the 2018 Neco Commerce examination.

Difficulty level: Medium .

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