Neco 2020 Commerce Question 32
Practice objective / multiple choice question 32 from the 2020 Neco Commerce examination.
A retailer buys a batch of 500 units of a product for a total of \(\₦250{,}000\). He intends to sell each unit at a price that consists of a 20 % markup on the unit cost plus a handling fee of \(\₦50\) per unit. For any customer order of at least \(Q\) units the retailer offers a 5 % trade discount on the total selling price before the handling fee is added. In addition, each order incurs a fixed overhead of \(\₦20{,}000\).\n\nDetermine the smallest integer value of \(Q\) such that, if a customer orders exactly \(Q\) units, the retailer's profit on that order is at least \(\₦30{,}000\).
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About This Question
This is Neco 2020 Commerce Question 32. It is one of the objective questions from the 2020 Neco Commerce examination.
Difficulty level: Medium .
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