Neco Model Questions Vol1 2018 Geography Question 37
Practice objective / multiple choice question 37 from the 2018 Neco Model Questions Vol1 Geography examination.
A textile factory has fixed monthly costs of ₦\(120{,}000{,}000\). The variable cost is ₦\(2{,}500\) per unit and each unit sells for ₦\(4{,}000\). The government offers a tax rebate of \(10\%\) on profit for the first \(5{,}000\) units produced each month; for production above \(5{,}000\) units the normal tax rate of \(30\%\) on profit applies. What is the smallest whole number of units that must be produced in a month for the factory's net profit to exceed ₦\(20{,}000{,}000\)?
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About This Question
This is Neco Model Questions Vol1 2018 Geography Question 37. It is one of the objective questions from the 2018 Neco Model Questions Vol1 Geography examination.
Difficulty level: Hard .
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