Waec Model Questions Vol1 2019 Commerce Question 5
Practice objective / multiple choice question 5 from the 2019 Waec Model Questions Vol1 Commerce examination.
An insurance company estimates the annual fire‑loss cost for a factory at ₦2,500,000. It adds a loading of 30% to cover expenses and profit, then offers a 10% discount on the gross premium for policies paid annually in advance. A government subsidy further reduces the net premium by ₦150,000. What is the final premium the factory must pay?
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About This Question
This is Waec Model Questions Vol1 2019 Commerce Question 5. It is one of the objective questions from the 2019 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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