Neco Model Questions Vol1 2018 Commerce Question 2
Practice objective / multiple choice question 2 from the 2018 Neco Model Questions Vol1 Commerce examination.
A wholesaler purchases 500 units of a product. The supplier gives a \(12\%\) discount on the total invoice for orders above 400 units. The wholesaler sells each unit for \(\text{₦}250\). Fixed monthly overhead is \(\text{₦}15,000\). To earn at least \(\text{₦}30,000\) profit for the month, what is the maximum unit cost price the wholesaler can afford (in naira, to two decimal places)?
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About This Question
This is Neco Model Questions Vol1 2018 Commerce Question 2. It is one of the objective questions from the 2018 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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