Gce Model Questions Vol1 2020 Commerce Question 4

Practice objective / multiple choice question 4 from the 2020 Gce Model Questions Vol1 Commerce examination.

Gce Model Questions Vol1 2020 Commerce Objective / Multiple Choice Medium Difficulty
Question 4 GCE_MODEL_QUESTIONS_VOL1 • 2020 • COMMERCE • objective

A logistics company charges a freight rate of \( \text{₦}0.75 \) per kilogram per kilometre for the first \(500\) km of a journey and \( \text{₦}0.60 \) per kilogram per kilometre for each kilometre beyond \(500\) km. A shipment weighing \(1{,}200\) kg is to be transported over a distance of \(850\) km. In addition, a handling fee of \( \text{₦}15{,}000 \) is added to each shipment. If the customer pays within \(10\) days, a cash discount of \(3\%\) is applied to the total freight charge (excluding the handling fee). What is the total amount payable by the customer?

Answer Options

A. ₦688,500
B. ₦710,000
Correct Answer C. ₦695,940
D. ₦702,150
Correct Answer
C
Correct Option:
₦695,940

About This Question

This is Gce Model Questions Vol1 2020 Commerce Question 4. It is one of the objective questions from the 2020 Gce Model Questions Vol1 Commerce examination.

Difficulty level: Medium .

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support