Gce Model Questions Vol1 2019 Commerce Question 48
Practice objective / multiple choice question 48 from the 2019 Gce Model Questions Vol1 Commerce examination.
An importer purchases 5,000 kg of cocoa beans from Ghana at \(\text{US}\$2.80\) per kg. The exchange rate is \(\text{₦}410\) per US\$. Customs duty of \(12\%\) is charged on the total value in naira, and freight costs \(\text{₦}18\) per kg. After all costs, the importer adds an \(18\%\) profit margin on the total cost to set the selling price per kg in naira. What is the selling price per kg (to the nearest kobo)?
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About This Question
This is Gce Model Questions Vol1 2019 Commerce Question 48. It is one of the objective questions from the 2019 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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