Neco Model Questions Vol1 2021 Commerce Question 25
Practice objective / multiple choice question 25 from the 2021 Neco Model Questions Vol1 Commerce examination.
A wholesaler buys goods at a unit cost of ₦500. Fixed monthly costs amount to ₦150,000. Variable selling expenses are normally 5 % of sales revenue, but for a large retailer who receives a 10 % discount on the selling price, the variable expense falls to 3 % of sales revenue. If the regular selling price is ₦800 per unit, determine the minimum number of units the wholesaler must sell to the large retailer each month to achieve a profit of at least ₦50,000 after giving the discount.
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About This Question
This is Neco Model Questions Vol1 2021 Commerce Question 25. It is one of the objective questions from the 2021 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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