Neco 2020 Commerce Question 2
Practice objective / multiple choice question 2 from the 2020 Neco Commerce examination.
A home‑based trader makes handmade candles. His monthly fixed costs are ₦45,000 and the variable cost per candle is ₦250. He currently sells each candle for ₦500. He decides to raise the selling price by 20\% and, because of a new raw material, the variable cost per candle also rises by 10\%. What is the new break‑even quantity (rounded up to the nearest whole candle)?
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About This Question
This is Neco 2020 Commerce Question 2. It is one of the objective questions from the 2020 Neco Commerce examination.
Difficulty level: Medium .
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