Neco Model Questions Vol1 2025 Commerce Question 6
Practice essay / theory question 6 from the 2025 Neco Model Questions Vol1 Commerce examination. This question covers Wholesale Trade .
A wholesaler buys a commodity from a manufacturer and sells it to retailers. The following information applies: - Purchase price per unit from the manufacturer = ₦1,800. - Transport cost per unit = ₦120. - Storage cost per unit per month = ₦30. - Average inventory period for each unit = 2 months. - Fixed monthly costs (warehouse rent, staff salaries, utilities) = ₦200,000. - Current selling price per unit to retailers = ₦2,500. - The wholesaler offers trade credit: payment is due in 30 days, but a 2 % discount is granted if payment is made within 10 days. The wholesaler expects to sell 5,000 units each month. Answer the following questions.
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This is Neco Model Questions Vol1 2025 Commerce Question 6. It is one of the essay questions from the 2025 Neco Model Questions Vol1 Commerce examination.
The question covers Wholesale Trade .
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