Waec Model Questions Vol1 2018 Commerce Question 43
Practice objective / multiple choice question 43 from the 2018 Waec Model Questions Vol1 Commerce examination.
A wholesale dealer purchases units of a product at ₦1,200 each. He incurs fixed overheads of ₦150,000 per month and a variable handling cost of ₦80 per unit sold. He sells each unit at a markup of 25% on the purchase price. Additionally, for every 100 units sold, he pays a commission of ₦5,000 to the sales agent. Determine the minimum number of units he must sell in a month to achieve a profit of at least ₦200,000. (Assume he purchases in batches of 500 units; he may purchase any whole number of batches.)
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About This Question
This is Waec Model Questions Vol1 2018 Commerce Question 43. It is one of the objective questions from the 2018 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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