Neco 2024 Commerce Question 36
Practice objective / multiple choice question 36 from the 2024 Neco Commerce examination.
A wholesaler purchases goods at a cost price of \(\text{₦}500\) per unit and incurs a fixed shipping charge of \(\text{₦}10,000\) per order. The wholesaler sells to retailers at a marked price of \(\text{₦}800\) per unit and offers a trade discount that depends on the order size: 5% discount for orders of fewer than 200 units, 8% discount for orders of 200-399 units, and 12% discount for orders of 400 units or more. The wholesaler wants the overall profit margin (total profit ÷ total cost) to be at least 20%. What is the smallest order quantity that satisfies this requirement?
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About This Question
This is Neco 2024 Commerce Question 36. It is one of the objective questions from the 2024 Neco Commerce examination.
Difficulty level: Medium .
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