Post Utme Wellspring University 2022 Commerce Question 20

Practice objective / multiple choice question 20 from the 2022 Post Utme Wellspring University Commerce examination.

Post Utme Wellspring University 2022 Commerce Objective / Multiple Choice
Question 20 POST_UTME_WELLSPRING_UNIVERSITY • 2022 • COMMERCE • objective

A firm imports goods from a foreign country and sells them in Nigeria. The firm pays a customs duty of 10% on the value of the goods. If the value of the goods is ₦100,000, what is the total cost to the firm, including the customs duty?

Answer Options

A. ₦110,000
Correct Answer B. ₦120,000
C. ₦130,000
D. ₦140,000
Correct Answer
B
Correct Option:
₦120,000

About This Question

This is Post Utme Wellspring University 2022 Commerce Question 20. It is one of the objective questions from the 2022 Post Utme Wellspring University Commerce examination.

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