Neco 2021 Commerce Question 45
Practice objective / multiple choice question 45 from the 2021 Neco Commerce examination.
A wholesaler purchases goods at \(\text{₦}3,500\) per unit. He has monthly fixed overheads of \(\text{₦}250,000\) and variable costs of \(\text{₦}150\) per unit (packaging, transport). He wants to set a selling price that yields a profit margin of 20\% on the selling price. Determine the minimum number of units he must sell each month to cover all costs and achieve the desired profit margin.
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About This Question
This is Neco 2021 Commerce Question 45. It is one of the objective questions from the 2021 Neco Commerce examination.
Difficulty level: Medium .
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