Post Utme Rsu 2020 Commerce Question 13

Practice objective / multiple choice question 13 from the 2020 Post Utme Rsu Commerce examination.

Post Utme Rsu 2020 Commerce Objective / Multiple Choice
Question 13 POST_UTME_RSU • 2020 • COMMERCE • objective

A company is considering exporting its product to a foreign market. The company's cost of production is ₦500 per unit, and the selling price in the foreign market is ₦700 per unit. If the exchange rate is 1 USD = 500 Naira, what is the company's profit per unit in USD?

Answer Options

A. ₦1.40
Correct Answer B. ₦1.60
C. ₦1.80
D. ₦2.00
Correct Answer
B
Correct Option:
₦1.60

About This Question

This is Post Utme Rsu 2020 Commerce Question 13. It is one of the objective questions from the 2020 Post Utme Rsu Commerce examination.

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