Neco Model Questions Vol1 2024 Commerce Question 19
Practice objective / multiple choice question 19 from the 2024 Neco Model Questions Vol1 Commerce examination.
A logistics company can use two types of trucks for a particular route. Truck X has a fixed cost per trip of \(\,\text{₦}50,000\) and a variable cost of \(\,\text{₦}120\) per kilometre. Truck Y has a fixed cost per trip of \(\,\text{₦}30,000\), a loading fee of \(\,\text{₦}5,000\) per trip, and a variable cost of \(\,\text{₦}180\) per kilometre. For what distance (in kilometres, rounded to the nearest kilometre) will the total cost of using either truck be the same? State which truck is cheaper for distances greater than that value.
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About This Question
This is Neco Model Questions Vol1 2024 Commerce Question 19. It is one of the objective questions from the 2024 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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