Waec Model Questions Vol1 2019 Commerce Question 34
Practice objective / multiple choice question 34 from the 2019 Waec Model Questions Vol1 Commerce examination.
A retailer sells a brand of bottled juice. The fixed monthly overhead is ₦120,000. The variable cost per bottle (including purchase price, packaging and handling) is ₦250. The retailer normally marks up the cost by 40% to set the selling price. To boost sales, the retailer runs a "buy 3 get 1 free" promotion: the customer pays for three bottles at the regular selling price and receives the fourth bottle free. If the retailer wants to achieve a monthly profit of at least ₦80,000 after the promotion, what is the minimum total number of bottles (including the free ones) that must be sold in that month?
Answer Options
About This Question
This is Waec Model Questions Vol1 2019 Commerce Question 34. It is one of the objective questions from the 2019 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.