Waec Model Questions Vol1 2019 Commerce Question 19
Practice objective / multiple choice question 19 from the 2019 Waec Model Questions Vol1 Commerce examination.
An importer intends to purchase 10,000 units of a product priced at $2.50 per unit. The exchange rate is ₦410 per $. Import duty is 12 % of the CIF value, and the bank charges 1.5 % of the total amount in naira for foreign‑exchange conversion. The importer wants to earn an 18 % profit on the total landed cost (CIF + duty + bank charges). What selling price per unit (in naira) should be set to achieve this profit margin?
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About This Question
This is Waec Model Questions Vol1 2019 Commerce Question 19. It is one of the objective questions from the 2019 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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