Neco Model Questions Vol1 2018 Commerce Question 48
Practice objective / multiple choice question 48 from the 2018 Neco Model Questions Vol1 Commerce examination.
A retail shop has fixed monthly costs of ₦(150,000). It buys a product at ₦(2,500) per unit and marks it at ₦(3,500) per unit. The shop offers a seasonal discount of (12\%\) on the marked price and a sales tax of (7.5\%\) is added to the discounted price. How many units must be sold in a month to achieve a profit of at least ₦(80,000) after tax?
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About This Question
This is Neco Model Questions Vol1 2018 Commerce Question 48. It is one of the objective questions from the 2018 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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