Waec Model Questions Vol1 2017 Commerce Question 5
Practice objective / multiple choice question 5 from the 2017 Waec Model Questions Vol1 Commerce examination.
An importer wants to bring 5,000 kg of cocoa beans into Nigeria. The world price is $2.20 per kilogram. The exchange rate is ₦460 per US$. Import duty is 5% of the customs value, freight charges are ₦150 per kilogram, and a handling surcharge of 2% is applied on the sum of customs value, duty and freight. Calculate the total amount in naira that the importer must pay.
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About This Question
This is Waec Model Questions Vol1 2017 Commerce Question 5. It is one of the objective questions from the 2017 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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