Neco Model Questions Vol1 2021 Commerce Question 47
Practice objective / multiple choice question 47 from the 2021 Neco Model Questions Vol1 Commerce examination.
A wholesaler purchases a product whose list price is ₦8,500 per unit. He receives a \(6\%\) discount on the unit price if he buys at least 200 units, and an additional \(4\%\) discount on the already discounted price if he buys at least 400 units. He intends to set his selling price \(30\%\) above his effective purchase cost after all discounts. He wants to earn a total profit of at least ₦1,200,000. What is the minimum number of units he must purchase to meet this profit target?
Answer Options
About This Question
This is Neco Model Questions Vol1 2021 Commerce Question 47. 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.