Neco 2022 Commerce Question 18
Practice objective / multiple choice question 18 from the 2022 Neco Commerce examination.
A retailer sells hand‑made soaps at \(\text{₦}500\) each. Fixed monthly costs are \(\text{₦}120,000\) and the variable cost per soap is \(\text{₦}250\). The retailer wishes to earn a net profit of \(\text{₦}150,000\) after a 10% income tax on profit before tax. How many soaps must be sold in the month to meet this target?
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About This Question
This is Neco 2022 Commerce Question 18. It is one of the objective questions from the 2022 Neco Commerce examination.
Difficulty level: Medium .
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