Neco 2021 Commerce Question 3
Practice objective / multiple choice question 3 from the 2021 Neco Commerce examination.
A wholesaler purchases goods at a cost price of \(c\) naira per unit. He marks up the price by 30\% and offers a 5\% discount on the marked‑up price for orders exceeding 100 units. His fixed monthly overhead is \(\text{₦}50,000\). In a month he sells 120 units. If he wants to earn a net profit of at least \(\text{₦}20,000\) for the month, what is the minimum selling price per unit (before the discount) he must set? Give your answer in naira rounded to the nearest naira.
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About This Question
This is Neco 2021 Commerce Question 3. It is one of the objective questions from the 2021 Neco Commerce examination.
Difficulty level: Medium .
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