Neco Model Questions Vol1 2020 Commerce Question 37

Practice objective / multiple choice question 37 from the 2020 Neco Model Questions Vol1 Commerce examination.

Neco Model Questions Vol1 2020 Commerce Objective / Multiple Choice Easy Difficulty
Question 37 NECO_MODEL_QUESTIONS_VOL1 • 2020 • COMMERCE • objective

A shop sells \(150\) units of a product each month at a selling price of \(2,500\) naira per unit. Its fixed costs are \(120,000\) naira per month and the variable cost is \(1,200\) naira per unit. What is the monthly profit?

Answer Options

A. 90000
Correct Answer B. 75000
C. 65000
D. 85000
Correct Answer
B
Correct Option:
75000

About This Question

This is Neco Model Questions Vol1 2020 Commerce Question 37. It is one of the objective questions from the 2020 Neco Model Questions Vol1 Commerce examination.

Difficulty level: Easy .

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