Post Utme Pan Atlantic University 2022 Commerce Question 13

Practice objective / multiple choice question 13 from the 2022 Post Utme Pan Atlantic University Commerce examination.

Post Utme Pan Atlantic University 2022 Commerce Objective / Multiple Choice
Question 13 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2022 • COMMERCE • objective

A business imports goods worth ₦1,000,000 from a foreign country. If the exchange rate is 1 USD = ₦500, and the import duty is 10% of the total value, what is the total amount paid by the business?

Answer Options

Correct Answer A. ₦1100000
B. ₦1050000
C. ₦1000000
D. ₦950000
Correct Answer
A
Correct Option:
₦1100000

About This Question

This is Post Utme Pan Atlantic University 2022 Commerce Question 13. It is one of the objective questions from the 2022 Post Utme Pan Atlantic University Commerce examination.

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