Neco Model Questions Vol1 2017 Commerce Question 34
Practice objective / multiple choice question 34 from the 2017 Neco Model Questions Vol1 Commerce examination.
A wholesaler buys goods at \(\text{₦}850\) per unit and sells to retailers at a standard price of \(\text{₦}1,200\) per unit before discount. The discount policy is: up to 200 units - 5% discount; 201-500 units - 7% discount; above 500 units - 10% discount. In addition the wholesaler has a fixed monthly overhead of \(\text{₦}150,000\) and a handling cost of \(\text{₦}30\) per unit sold. What is the minimum number of units that must be sold in a month to achieve a profit of at least \(\text{₦}200,000\)?
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About This Question
This is Neco Model Questions Vol1 2017 Commerce Question 34. It is one of the objective questions from the 2017 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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