Neco Model Questions Vol1 2023 Commerce Question 3
Practice essay / theory question 3 from the 2023 Neco Model Questions Vol1 Commerce examination. This question covers Home Trade, Cost analysis, Break‑even point, Pricing strategy, Non‑price factors in domestic trade .
A small‑scale trader in Lagos buys fresh tomatoes from farmers in Oyo State and sells them in the Lagos market. The trader kept the following records for a four‑week period: Week | Bags purchased | Purchase price per bag (₦) | Bags sold | Selling price per bag (₦) | Overhead costs (₦) -----|----------------|----------------------------|-----------|---------------------------|------------------- 1 | 30 | 5,000 | 25 | 7,500 | 20,000 2 | 35 | 5,200 | 30 | 7,500 | 22,000 3 | 40 | 5,100 | 35 | 7,500 | 21,000 4 | 45 | 5,300 | 40 | 7,500 | 23,000 Using this information, answer the questions that follow.
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This is Neco Model Questions Vol1 2023 Commerce Question 3. It is one of the essay questions from the 2023 Neco Model Questions Vol1 Commerce examination.
The question covers Home Trade, Cost analysis, Break‑even point, Pricing strategy, Non‑price factors in domestic trade .
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