Waec Model Questions Vol1 2019 Commerce Question 47
Practice objective / multiple choice question 47 from the 2019 Waec Model Questions Vol1 Commerce examination.
A wholesaler purchases a product at ₦250 per unit. Fixed overhead for the month is ₦30,000 and variable overhead is 5% of the total purchase cost. The marked price is ₦350 per unit. He offers a discount on the marked price: 5% discount for orders of at least 400 units and 10% discount for orders of at least 800 units. He wants an overall profit margin of at least 12% on total revenue after discount. What is the minimum order quantity he must sell to meet this target?
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About This Question
This is Waec Model Questions Vol1 2019 Commerce Question 47. It is one of the objective questions from the 2019 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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