Post Utme Mountain Top University 2022 Commerce Question 1
Practice objective / multiple choice question 1 from the 2022 Post Utme Mountain Top University Commerce examination.
In a foreign trade transaction, a Nigerian exporter sold goods worth ₦1,500,000 to a foreign buyer. The exporter was paid in US dollars, and the exchange rate at the time of payment was ₦420 per US dollar. If the exporter's bank charged a commission of 2% on the transaction, what was the exporter's net earnings in naira?
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About This Question
This is Post Utme Mountain Top University 2022 Commerce Question 1. It is one of the objective questions from the 2022 Post Utme Mountain Top University Commerce examination.
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