Neco 2025 Economics Question 31
Practice objective / multiple choice question 31 from the 2025 Neco Economics examination.
An intercity bus company operates a single round‑trip of \(2,500\) km. The fixed cost per trip (driver salary, maintenance) is \(\text{₦}150,000\). Fuel consumption is \(4\) L per \(100\) km for the first \(1,200\) km and \(5\) L per \(100\) km for the remaining \(1,300\) km. The fuel price is \(\text{₦}250\) per litre for the first \(100\) L purchased and \(\text{₦}260\) per litre for any additional litres. The government provides a subsidy of \(\text{₦}20,000\) per trip. Each passenger pays a fare of \(\text{₦}2,500\). What is the minimum integer number of passengers required for the company to make a profit on the trip?
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About This Question
This is Neco 2025 Economics Question 31. It is one of the objective questions from the 2025 Neco Economics examination.
Difficulty level: Hard .
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