Waec Model Questions Vol1 2018 Commerce Question 12
Practice objective / multiple choice question 12 from the 2018 Waec Model Questions Vol1 Commerce examination.
An importer purchases 5,000 kg of wheat. The FOB price is $0.45 per kg and freight & insurance cost $0.08 per kg. A tariff of 15% is levied on the CIF value. The exchange rate is ₦410 per $. The importer wants a profit of 20% on the total landed cost. What should be the selling price per kg in Naira?
Answer Options
About This Question
This is Waec Model Questions Vol1 2018 Commerce Question 12. It is one of the objective questions from the 2018 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.