Neco Model Questions Vol1 2022 Commerce Question 46
Practice objective / multiple choice question 46 from the 2022 Neco Model Questions Vol1 Commerce examination.
A company plans an advertising campaign. The agency's commission is 15% of the media cost. The quoted media price first receives a 10% discount, then an additional 5% discount on the reduced price. The company expects the campaign to increase monthly sales volume of a product by 20%. The product's unit profit is \(\,\text{₦}250\) and current monthly sales are 8,000 units. The company requires a net profit increase of at least \(\text{₦}300{,}000\) after deducting advertising expenses. What is the maximum quoted media price the company can afford?
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About This Question
This is Neco Model Questions Vol1 2022 Commerce Question 46. It is one of the objective questions from the 2022 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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