Gce Model Questions Vol1 2019 Commerce Question 37
Practice objective / multiple choice question 37 from the 2019 Gce Model Questions Vol1 Commerce examination.
A company imports \(500\) units of a product. The FOB price per unit is \(\$20\). Freight and insurance total \(\$2{,}000\). Import duty is \(12\%\) of the CIF value (cost, insurance, freight). The exchange rate is \(\text{₦}410\) per \(\$1\). After the landed cost is calculated in Naira, the company adds a handling surcharge of \(5\%\) on the total landed cost. What is the landed cost per unit in Naira (rounded to two decimal places)?
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About This Question
This is Gce Model Questions Vol1 2019 Commerce Question 37. It is one of the objective questions from the 2019 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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