Neco Model Questions Vol1 2023 Commerce Question 6
Practice objective / multiple choice question 6 from the 2023 Neco Model Questions Vol1 Commerce examination.
A company plans to send promotional letters. The fixed design cost is ₦12,000. The printing cost per letter is ₦150 for the first 2,000 letters and ₦120 for each additional letter. A tax of \(5\%\) is added on the total cost (design plus printing). The company has a budget of ₦800,000. Determine the maximum number of letters that can be printed without exceeding the budget, and calculate the average cost per letter (including tax) for that maximum number.
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About This Question
This is Neco Model Questions Vol1 2023 Commerce Question 6. It is one of the objective questions from the 2023 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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