Neco 2024 Economics Question 27
Practice objective / multiple choice question 27 from the 2024 Neco Economics examination.
A firm has fixed monthly costs of \(\text{₦}200,000\) and a variable cost of \(\text{₦}2,500\) per unit. It sells each unit at a 40% markup on the variable cost, but offers a 5% discount on the selling price for orders of 100 units or more. What is the minimum number of units the firm must sell in a month to achieve a profit of at least \(\text{₦}150,000\)?
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About This Question
This is Neco 2024 Economics Question 27. It is one of the objective questions from the 2024 Neco Economics examination.
Difficulty level: Medium .
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