Waec Model Questions Vol1 2019 Commerce Question 2
Practice objective / multiple choice question 2 from the 2019 Waec Model Questions Vol1 Commerce examination.
An importer wants to bring 10,000 kg of cocoa into Nigeria. The world market price is $2.50 per kg. The exchange rate is ₦410 per $. Import duty is 15% of the CIF value. Shipping costs ₦120 per kg, but a 5% discount on shipping is given for shipments above 8,000 kg. What is the total amount in Naira that the importer must pay?
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About This Question
This is Waec Model Questions Vol1 2019 Commerce Question 2. It is one of the objective questions from the 2019 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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