Neco Model Questions Vol1 2019 Commerce Question 31
Practice objective / multiple choice question 31 from the 2019 Neco Model Questions Vol1 Commerce examination.
A firm wants to place full‑page advertisements. The agency's base rate is \(\,500{,}000\) ₦ per ad. For each ad beyond the first three, a discount of 12 % is applied to that ad. If the total number of ads exceeds six, an additional 5 % discount is applied to the whole bill. The client wishes the final bill to be exactly \(2{,}137{,}500\) ₦. (a) How many ads should the client place? (b) Each unit of the product yields a profit of \(2{,}500\) ₦ before advertising costs. The client wants a net profit margin of 25 % after accounting for the advertising expense. How many units must be sold to achieve this margin?
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This is Neco Model Questions Vol1 2019 Commerce Question 31. It is one of the objective questions from the 2019 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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