Neco Model Questions Vol1 2021 Commerce Question 2
Practice objective / multiple choice question 2 from the 2021 Neco Model Questions Vol1 Commerce examination.
A transport company charges a fixed loading fee of \(\text{₦}500\) per consignment plus a variable rate of \(\text{₦}0.80\) per kilometre. If a client ships goods over a distance of \(1,500\) km, the company offers a discount on the variable rate provided the distance exceeds \(1,200\) km. The client's budget for the total charge (loading fee plus variable charge) is \(\text{₦}1,500\). What is the minimum discount percentage that must be obtained on the variable rate for the client to stay within budget?
Answer Options
About This Question
This is Neco Model Questions Vol1 2021 Commerce Question 2. It is one of the objective questions from the 2021 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.