Post Utme Osustech 2018 Commerce Question 9

Practice objective / multiple choice question 9 from the 2018 Post Utme Osustech Commerce examination.

Post Utme Osustech 2018 Commerce Objective / Multiple Choice
Question 9 POST_UTME_OSUSTECH • 2018 • COMMERCE • objective

A firm is considering exporting its product to a foreign market. The firm's product is currently priced at ₦100,000 in the domestic market. If the exchange rate is 1 USD = 500 NGN, and the firm expects to sell the product for 200 in the foreign market, what will be the percentage change in the firm's revenue?

Answer Options

A. 0%
B. 10%
C. 20%
Correct Answer D. 50%
Correct Answer
D
Correct Option:
50%

About This Question

This is Post Utme Osustech 2018 Commerce Question 9. It is one of the objective questions from the 2018 Post Utme Osustech Commerce examination.

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