Neco Model Questions Vol1 2017 Commerce Question 9
Practice objective / multiple choice question 9 from the 2017 Neco Model Questions Vol1 Commerce examination.
A retailer buys a product for \(\text{₦}4{,}500\) per unit. Fixed monthly costs are \(\text{₦}180{,}000\). The retailer applies a 40% markup on the cost price to set the selling price, then offers a seasonal discount of 15% on that selling price. (a) Find the effective selling price per unit after discount. (b) Determine the minimum number of units that must be sold in a month to achieve a profit of at least \(\text{₦}120{,}000\).
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About This Question
This is Neco Model Questions Vol1 2017 Commerce Question 9. It is one of the objective questions from the 2017 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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