Neco Model Questions Vol1 2025 Commerce Question 3

Practice essay / theory question 3 from the 2025 Neco Model Questions Vol1 Commerce examination. This question covers Home Trade .

Neco Model Questions Vol1 2025 Commerce Essay / Theory

Topic: Home Trade

Question 3 NECO_MODEL_QUESTIONS_VOL1 • 2025 • COMMERCE • essay

A small town in Nigeria has three main market centres – Market A, Market B and Market C. The weekly average quantities of rice sold in each market are: - Market A: 1,200 kg - Market B: 1,500 kg - Market C: 800 kg The average market price per kilogram of rice is ₦250 in Market A, ₦260 in Market B and ₦255 in Market C. Answer the following:

Question Parts

( a )

Calculate the total quantity of rice sold in the town each week.

( b )

Determine the weighted average price per kilogram of rice for the whole town.

( c )

Discuss two advantages and two disadvantages of having multiple market centres for the same commodity within a town.

( d )

Suggest two strategies that local traders could adopt to increase the overall revenue from rice sales and justify each strategy.

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About This Question

This is Neco Model Questions Vol1 2025 Commerce Question 3. It is one of the essay questions from the 2025 Neco Model Questions Vol1 Commerce examination.

The question covers Home Trade .

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