Post Utme Lautech 2021 Commerce Question 9

Practice objective / multiple choice question 9 from the 2021 Post Utme Lautech Commerce examination.

Post Utme Lautech 2021 Commerce Objective / Multiple Choice
Question 9 POST_UTME_LAUTECH • 2021 • COMMERCE • objective

A company exports 500 units of a product to a foreign country. If the product is sold at a price of 20 per unit, and the exchange rate is 1 USD = ₦400, what is the total amount received in naira?

Answer Options

A. ₦10,000,000
B. ₦12,000,000
C. ₦14,000,000
Correct Answer D. ₦16,000,000
Correct Answer
D
Correct Option:
₦16,000,000

About This Question

This is Post Utme Lautech 2021 Commerce Question 9. It is one of the objective questions from the 2021 Post Utme Lautech Commerce examination.

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