Post Utme Ui 2017 Commerce Question 38

Practice objective / multiple choice question 38 from the 2017 Post Utme Ui Commerce examination.

Post Utme Ui 2017 Commerce Objective / Multiple Choice
Question 38 POST_UTME_UI • 2017 • COMMERCE • objective

A company is considering investing in a new project that involves importing raw materials from a foreign country. If the company's current import price is 200 per unit and the exchange rate is 1 USD = 500 NGN, what is the expected cost of importing 1000 units in Nigerian Naira?

Answer Options

A. ₦200 million
B. ₦250 million
Correct Answer C. ₦300 million
D. ₦350 million
Correct Answer
C
Correct Option:
₦300 million

About This Question

This is Post Utme Ui 2017 Commerce Question 38. It is one of the objective questions from the 2017 Post Utme Ui Commerce examination.

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