Gce Model Questions Vol1 2018 Commerce Question 15
Practice objective / multiple choice question 15 from the 2018 Gce Model Questions Vol1 Commerce examination.
A trader imports 50 kg of cocoa beans at a purchase price of \(\text{₦}1\,200\) per kilogram. Freight charges amount to \(\text{₦}5\,000\) and customs duty is 8 % of the value of the goods (excluding freight). The trader then sells the beans at a 20 % profit on the total landed cost. What is the selling price per kilogram (in naira)?
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About This Question
This is Gce Model Questions Vol1 2018 Commerce Question 15. It is one of the objective questions from the 2018 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Easy .
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