Waec Model Questions Vol1 2017 Commerce Question 29
Practice objective / multiple choice question 29 from the 2017 Waec Model Questions Vol1 Commerce examination.
A wholesaler purchases a batch of 500 units of a product at ₦2,000 per unit. He adds a 20 % markup and then offers the following tiered discounts to retailers: up to 100 units - no discount; 101-300 units - 3 % discount on the marked‑up price; 301-500 units - 6 % discount on the marked‑up price. The wholesaler incurs a fixed monthly overhead of ₦30,000 and a variable handling cost of ₦100 per unit sold. Assuming the wholesaler sells to only one retailer in a month, what is the smallest order quantity that will give the wholesaler a profit, and what is the profit earned on that order?
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About This Question
This is Waec Model Questions Vol1 2017 Commerce Question 29. It is one of the objective questions from the 2017 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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