Neco Model Questions Vol1 2017 Commerce Question 18
Practice objective / multiple choice question 18 from the 2017 Neco Model Questions Vol1 Commerce examination.
A transport company operates a bus that incurs a fixed daily cost of ₦15,000 and a variable cost of ₦120 per kilometre travelled. Each trip covers 80 km and the bus can carry a maximum of 40 passengers, charging a fare of ₦500 per passenger per trip. On a particular day the bus makes 5 trips and is filled to \(75\%\) of its capacity on each trip. Determine the profit or loss for that day.
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About This Question
This is Neco Model Questions Vol1 2017 Commerce Question 18. It is one of the objective questions from the 2017 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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