Neco 2021 Commerce Question 47
Practice objective / multiple choice question 47 from the 2021 Neco Commerce examination.
A wholesaler buys goods at a cost price of ₦800 per unit. He sets a list price with a markup of \(25\%\) over cost. He offers a trade‑discount scheme: no discount for orders up to 100 units, \(5\%\) discount on the list price for orders of 101-500 units, and \(10\%\) discount for orders above 500 units. The wholesaler incurs a fixed monthly overhead of ₦120,000 and a variable handling cost of ₦30 per order (regardless of quantity). Assuming only one order is received in a month, determine the minimum order quantity that will give the wholesaler a profit of at least ₦50,000.
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About This Question
This is Neco 2021 Commerce Question 47. It is one of the objective questions from the 2021 Neco Commerce examination.
Difficulty level: Medium .
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