Waec Model Questions Vol1 2018 Commerce Question 13
Practice objective / multiple choice question 13 from the 2018 Waec Model Questions Vol1 Commerce examination.
A Nigerian exporter sells 200,000 units abroad. The foreign buyer pays in euros. The exporter incurs local costs of ₦1,200 per unit. The government imposes a 5% export tax on the foreign currency receipts. The exporter wishes to earn at least a 25% profit on total cost (including tax). What is the minimum selling price per unit in euros that meets this requirement?
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About This Question
This is Waec Model Questions Vol1 2018 Commerce Question 13. It is one of the objective questions from the 2018 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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