Neco Model Questions Vol1 2025 Government Question 30

Practice objective / multiple choice question 30 from the 2025 Neco Model Questions Vol1 Government examination.

Neco Model Questions Vol1 2025 Government Objective / Multiple Choice Hard Difficulty
Question 30 NECO_MODEL_QUESTIONS_VOL1 • 2025 • GOVERNMENT • objective

A local government council plans a waste‑management programme with a fixed annual cost of \(\text{₦}15\,000\,000\) and a variable cost of \(\text{₦}2\,500\) per household per year. The programme will serve \(4\,800\) households and will be funded by a uniform monthly fee paid by each household. (a) What is the minimum monthly fee per household required to break even at the end of the year? (b) What monthly fee is needed to achieve a profit of \(20\%\) over the break‑even amount?

Answer Options

A. Break‑even fee: \(\text{₦}468.75\) per month; Profit fee (20%): \(\text{₦}560.00\) per month
B. Break‑even fee: \(\text{₦}450.00\) per month; Profit fee (20%): \(\text{₦}540.00\) per month
Correct Answer C. Break‑even fee: \(\text{₦}468.75\) per month; Profit fee (20%): \(\text{₦}562.50\) per month
D. Break‑even fee: \(\text{₦}500.00\) per month; Profit fee (20%): \(\text{₦}600.00\) per month
Correct Answer
C
Correct Option:
Break‑even fee: \(\text{₦}468.75\) per month; Profit fee (20%): \(\text{₦}562.50\) per month

About This Question

This is Neco Model Questions Vol1 2025 Government Question 30. It is one of the objective questions from the 2025 Neco Model Questions Vol1 Government examination.

Difficulty level: Hard .

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