Gce Model Questions Vol1 2020 Commerce Question 27
Practice objective / multiple choice question 27 from the 2020 Gce Model Questions Vol1 Commerce examination.
A trader imports 500 kg of cocoa beans at a cost of \(₦200\) per kilogram. Import duty is 5 % of the CIF value, a surcharge of 2 % of the CIF value also applies, and VAT of 7.5 % is charged on the total of CIF value plus duties and surcharge. Calculate the total landed cost of the shipment.
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About This Question
This is Gce Model Questions Vol1 2020 Commerce Question 27. It is one of the objective questions from the 2020 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Easy .
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