Post Utme Rhema University 2025 Commerce Question 12

Practice objective / multiple choice question 12 from the 2025 Post Utme Rhema University Commerce examination.

Post Utme Rhema University 2025 Commerce Objective / Multiple Choice
Question 12 POST_UTME_RHEMA_UNIVERSITY • 2025 • COMMERCE • objective

A firm imports goods worth ₦1,500,000 from a foreign country. If the exchange rate is 1 USD = ₦500, how much is the import duty?

Answer Options

Correct Answer A. ₦75,000
B. ₦50,000
C. ₦25,000
D. ₦0
Correct Answer
A
Correct Option:
₦75,000

About This Question

This is Post Utme Rhema University 2025 Commerce Question 12. It is one of the objective questions from the 2025 Post Utme Rhema University Commerce examination.

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