Gce Model Questions Vol1 2017 Commerce Question 10

Practice objective / multiple choice question 10 from the 2017 Gce Model Questions Vol1 Commerce examination.

Gce Model Questions Vol1 2017 Commerce Objective / Multiple Choice Easy Difficulty

Question 10 GCE_MODEL_QUESTIONS_VOL1 • 2017 • COMMERCE • objective

A trader imports goods costing $\$8,500$. The exchange rate is $\text{₦}410$ per US dollar. Import duty is 12 % of the value in Naira, and a surcharge of 5 % is levied on the duty amount. Calculate the total cost in Naira, including duty and surcharge.

Answer Options

A. ₦3,828,400

B. ₦3,850,925

Correct Answer C. ₦3,924,110

D. ₦3,903,200

Correct Answer

Correct Option:

₦3,924,110

About This Question

This is Gce Model Questions Vol1 2017 Commerce Question 10. It is one of the objective questions from the 2017 Gce Model Questions Vol1 Commerce examination.

Difficulty level: Easy .

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Gce Model Questions Vol1 2017 Commerce Question 10

A trader imports goods costing \(\$8,500\). The exchange rate is \(\text{₦}410\) per US dollar. Import duty is 12 % of the value in Naira, and a surcharge of 5 % is levied on the duty amount. Calculate the total cost in Naira, including duty and surcharge.

Answer Options

About This Question

Master the Exam!

A trader imports goods costing \(\$8,500\). The exchange rate is \(\text{₦}410\) per US dollar. Import duty is 12 % of the value in Naira, and a surcharge of 5 % is levied on the duty amount. Calculate the total cost in Naira, including duty and surcharge.