Neco Model Questions Vol1 2021 Commerce Question 30
Practice objective / multiple choice question 30 from the 2021 Neco Model Questions Vol1 Commerce examination.
A retailer sells a product with a list price of ₦2,500 per unit. The variable cost per unit is ₦1,600 and the monthly fixed rent is ₦80,000. A sales commission of 4 % of the gross sales (before any discount) is paid on each unit sold. For purchases of more than 50 units, the retailer offers a 10 % discount on the list price. Assuming all sales in the month qualify for the discount, what is the minimum number of units that must be sold in the month to achieve a profit of at least ₦150,000?
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About This Question
This is Neco Model Questions Vol1 2021 Commerce Question 30. It is one of the objective questions from the 2021 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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