Post Utme Unilag 2017 Commerce Question 4

Practice objective / multiple choice question 4 from the 2017 Post Utme Unilag Commerce examination.

Post Utme Unilag 2017 Commerce Objective / Multiple Choice
Question 4 POST_UTME_UNILAG • 2017 • COMMERCE • objective

A company exports 100 units of goods to a foreign country. The cost of transportation is ₦5,000 per unit. If the exchange rate is 1 USD = ₦200, and the company earns a profit of 20% on the sale of each unit, what is the total profit in USD?

Answer Options

A. 1,000
Correct Answer B. 1,200
C. 1,500
D. 2,000
Correct Answer
B
Correct Option:
1,200

About This Question

This is Post Utme Unilag 2017 Commerce Question 4. It is one of the objective questions from the 2017 Post Utme Unilag Commerce examination.

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