Neco Model Questions Vol1 2019 Commerce Question 43
Practice objective / multiple choice question 43 from the 2019 Neco Model Questions Vol1 Commerce examination.
A wholesaler buys goods from a manufacturer at a unit cost of \(\text{₦}800\). He incurs a fixed overhead of \(\text{₦}120,000\) per month and a variable handling cost of \(\text{₦}50\) per unit. He sells to retailers with a 30% markup on his total cost per unit (including the handling cost). If he sells more than 500 units in a month, he gives a bulk discount of 5% on the selling price to retailers for all units sold that month. What is the minimum number of units he must sell in a month to achieve a profit of at least \(\text{₦}50,000\) after the bulk discount is applied?
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About This Question
This is Neco Model Questions Vol1 2019 Commerce Question 43. It is one of the objective questions from the 2019 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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