Post Utme Ims U 2021 Commerce Question 19

Practice objective / multiple choice question 19 from the 2021 Post Utme Ims U Commerce examination.

Post Utme Ims U 2021 Commerce Objective / Multiple Choice
Question 19 POST_UTME_IMS_U • 2021 • COMMERCE • objective

A company imports goods worth ₦1,000,000 and pays a 5% customs duty. If the company also pays a 2% sales tax on the imported goods, what is the total amount paid to the government?

Answer Options

A. ₦52,000
B. ₦54,000
C. ₦56,000
Correct Answer D. ₦58,000
Correct Answer
D
Correct Option:
₦58,000

About This Question

This is Post Utme Ims U 2021 Commerce Question 19. It is one of the objective questions from the 2021 Post Utme Ims U Commerce examination.

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