Neco Model Questions Vol1 2020 Commerce Question 44
Practice objective / multiple choice question 44 from the 2020 Neco Model Questions Vol1 Commerce examination.
A wholesale firm deals with two products, A and B. Product A costs \(\text{₦}500\) per unit and is sold with a 40\% markup; product B costs \(\text{₦}800\) per unit and is sold with a 30\% markup. Monthly fixed overheads are \(\text{₦}250,000\). In a month the firm sells 1,200 units of A and 800 units of B. For the first 300 units of A sold, a promotional discount of 5\% on the selling price is offered.\n(i) Determine the overall profit for the month.\n(ii) Assuming the same sales‑mix ratio (3 units of A for every 2 units of B), calculate the break‑even total sales value (in naira) for the combined product line.
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About This Question
This is Neco Model Questions Vol1 2020 Commerce Question 44. It is one of the objective questions from the 2020 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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