Gce Model Questions Vol1 2018 Commerce Question 23

Practice objective / multiple choice question 23 from the 2018 Gce Model Questions Vol1 Commerce examination.

Gce Model Questions Vol1 2018 Commerce Objective / Multiple Choice Easy Difficulty
Question 23 GCE_MODEL_QUESTIONS_VOL1 • 2018 • COMMERCE • objective

An importer purchases goods costing \(\$12{,}000\). The exchange rate is \(380\) naira per dollar and the bank charges a commission of 2 % on the dollar amount. What is the total cost in naira, including the commission? Give your answer in naira.

Answer Options

A. 4700000
B. 4896000
C. 4560240
Correct Answer D. 4651200
Correct Answer
D
Correct Option:
4651200

About This Question

This is Gce Model Questions Vol1 2018 Commerce Question 23. It is one of the objective questions from the 2018 Gce Model Questions Vol1 Commerce examination.

Difficulty level: Easy .

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