Neco 2021 Commerce Question 43
Practice objective / multiple choice question 43 from the 2021 Neco Commerce examination.
A warehouse charges a fixed monthly rent of \(\text{₦}150,000\) and a variable handling cost of \(\text{₦}45\) per pallet for the whole storage period. The company stores pallets for 6 months before they are sold. The profit per pallet after sale (excluding warehousing costs) is \(\text{₦}200\). What is the minimum number of pallets the company must store to achieve a total profit of at least \(\text{₦}100,000\) after accounting for all warehousing costs?
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About This Question
This is Neco 2021 Commerce Question 43. It is one of the objective questions from the 2021 Neco Commerce examination.
Difficulty level: Hard .
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