Neco Model Questions Vol1 2022 Commerce Question 43
Practice objective / multiple choice question 43 from the 2022 Neco Model Questions Vol1 Commerce examination.
A transport company incurs fixed monthly costs of \(\text{₦}150,000\) and a variable cost of \(\text{₦}250\) per kilometre travelled. It charges a fare of \(\text{₦}500\) per kilometre for the first 200\,km of a trip, and for any distance beyond 200\,km the fare per kilometre is reduced by 10\%. Assuming all trips in the month are longer than 200\,km, how many kilometres must the company travel in total during the month to break even?
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About This Question
This is Neco Model Questions Vol1 2022 Commerce Question 43. It is one of the objective questions from the 2022 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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