Post Utme Redeemers University 2018 Commerce Question 12

Practice objective / multiple choice question 12 from the 2018 Post Utme Redeemers University Commerce examination.

Post Utme Redeemers University 2018 Commerce Objective / Multiple Choice
Question 12 POST_UTME_REDEEMERS_UNIVERSITY • 2018 • COMMERCE • objective

A foreign company is considering exporting its products to Nigeria. The company's products are currently priced at 100 per unit in the foreign market. The Nigerian government imposes a 20% tariff on imported goods. If the company wants to make a profit of 30% on its sales, what should be the minimum price it should charge for its products in Nigeria?

Answer Options

A. 120
B. 130
Correct Answer C. 140
D. 150
Correct Answer
C
Correct Option:
140

About This Question

This is Post Utme Redeemers University 2018 Commerce Question 12. It is one of the objective questions from the 2018 Post Utme Redeemers University Commerce examination.

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