Neco Model Questions Vol1 2020 Geography Question 7
Practice objective / multiple choice question 7 from the 2020 Neco Model Questions Vol1 Geography examination.
A small factory produces fertilizer bags. Fixed costs are \(2{,}000{,}000\) Naira per month. Variable cost per bag is \(150\) Naira. Each bag sells for \(250\) Naira. The government imposes a 5\% sales tax on total revenue and a 2\% environmental levy on profit before tax. What is the minimum number of bags the factory must produce each month to achieve a net profit of at least \(500{,}000\) Naira after all deductions?
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About This Question
This is Neco Model Questions Vol1 2020 Geography Question 7. It is one of the objective questions from the 2020 Neco Model Questions Vol1 Geography examination.
Difficulty level: Hard .
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