Neco 2023 Commerce Question 15
Practice objective / multiple choice question 15 from the 2023 Neco Commerce examination.
A retailer sells a product with a marked price of \(\text{₦}5,000\) per unit. He offers a trade discount of \(10\%\) on the marked price and a cash discount of \(2\%\) on the discounted price if payment is made within 10 days. All customers take the cash discount. The retailer's variable cost per unit is \(\text{₦}2,800\) and his fixed monthly costs are \(\text{₦}150,000\). What is the minimum number of units he must sell in a month to achieve a net profit of at least \(\text{₦}200,000\)?
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About This Question
This is Neco 2023 Commerce Question 15. It is one of the objective questions from the 2023 Neco Commerce examination.
Difficulty level: Medium .
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