Neco Model Questions Vol1 2024 Commerce Question 3
Practice objective / multiple choice question 3 from the 2024 Neco Model Questions Vol1 Commerce examination.
A wholesaler purchases goods at \(\text{₦}150\) per unit. Fixed monthly costs are \(\text{₦}200,000\). He sells to retailers with a \(20\%\) markup on cost. For orders exceeding \(1,000\) units, he gives a \(5\%\) discount on the selling price for the whole order. Determine the minimum number of units the wholesaler must sell in a month to achieve a profit of at least \(\text{₦}50,000\), assuming he may take at most one bulk order (with discount) and any remaining units are sold at the regular price.
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About This Question
This is Neco Model Questions Vol1 2024 Commerce Question 3. It is one of the objective questions from the 2024 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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