Neco Model Questions Vol1 2022 Commerce Question 30

Practice objective / multiple choice question 30 from the 2022 Neco Model Questions Vol1 Commerce examination.

Neco Model Questions Vol1 2022 Commerce Objective / Multiple Choice Medium Difficulty
Question 30 NECO_MODEL_QUESTIONS_VOL1 • 2022 • COMMERCE • objective

A company subscribes to a bulk SMS service that charges a fixed monthly fee of ₦20,000 plus ₦0.50 for each SMS sent. The company earns a revenue of ₦2.00 for every SMS it sends. What is the minimum number of SMS the company must send in a month to achieve a profit of at least ₦10,000? Give your answer as a whole number of messages.

Answer Options

A. 22000
Correct Answer B. 20000
C. 18000
D. 25000
Correct Answer
B
Correct Option:
20000

About This Question

This is Neco Model Questions Vol1 2022 Commerce Question 30. It is one of the objective questions from the 2022 Neco Model Questions Vol1 Commerce examination.

Difficulty level: Medium .

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