Post Utme Nile University 2018 Commerce Question 29

Practice objective / multiple choice question 29 from the 2018 Post Utme Nile University Commerce examination.

Post Utme Nile University 2018 Commerce Objective / Multiple Choice
Question 29 POST_UTME_NILE_UNIVERSITY • 2018 • COMMERCE • objective

A company exports 10,000 units of a product to a foreign country. If the product sells for ₦100 per unit in the foreign market, and the exchange rate is 1 USD = ₦200, what is the total value of the export in USD?

Answer Options

A. ₦1,000,000
B. ₦2,000,000
Correct Answer C. ₦5,000,000
D. ₦10,000,000
Correct Answer
C
Correct Option:
₦5,000,000

About This Question

This is Post Utme Nile University 2018 Commerce Question 29. It is one of the objective questions from the 2018 Post Utme Nile University Commerce examination.

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