Gce Model Questions Vol1 2021 Commerce Question 4
Practice objective / multiple choice question 4 from the 2021 Gce Model Questions Vol1 Commerce examination.
A company imports \(10{,}000\) kg of raw material at a cost of \(\text{₦}500\) per kg. The import duty rate is \(12\%\) of the CIF value, and an additional surcharge of \(3\%\) is applied on the duty amount. What is the total amount payable (cost + duty + surcharge)?
Answer Options
About This Question
This is Gce Model Questions Vol1 2021 Commerce Question 4. It is one of the objective questions from the 2021 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Easy .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.