Waec Model Questions Vol1 2018 Commerce Question 18

Practice objective / multiple choice question 18 from the 2018 Waec Model Questions Vol1 Commerce examination.

Waec Model Questions Vol1 2018 Commerce Objective / Multiple Choice Easy Difficulty
Question 18 WAEC_MODEL_QUESTIONS_VOL1 • 2018 • COMMERCE • objective

A trader imports goods whose invoice value is ₦2,500,000. Freight charges are 5% of the invoice value and insurance is 2% of the sum of the invoice value and freight. What is the total landed cost of the goods?

Answer Options

A. ₦2,680,000
Correct Answer B. ₦2,677,500
C. ₦2,625,000
D. ₦2,675,000
Correct Answer
B
Correct Option:
₦2,677,500

About This Question

This is Waec Model Questions Vol1 2018 Commerce Question 18. It is one of the objective questions from the 2018 Waec Model Questions Vol1 Commerce examination.

Difficulty level: Easy .

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