Neco Model Questions Vol1 2023 Commerce Question 44
Practice objective / multiple choice question 44 from the 2023 Neco Model Questions Vol1 Commerce examination.
A transport company charges a fixed loading fee of ₦1,500 per trip and a variable charge of ₦200 per kilometre for the first 100 km. For each kilometre beyond 100 km the variable charge is increased by 5 % (i.e., ₦210 per km). The cost of fuel and driver is ₦120 per kilometre and vehicle depreciation is ₦1,000 per trip. The company wants to achieve a profit of at least ₦10,000 on a fully loaded trip. What is the minimum distance (in kilometres) the company must travel to meet this profit target?
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About This Question
This is Neco Model Questions Vol1 2023 Commerce Question 44. It is one of the objective questions from the 2023 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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