Gce Model Questions Vol1 2022 Commerce Question 42
Practice objective / multiple choice question 42 from the 2022 Gce Model Questions Vol1 Commerce examination.
An exporter sells 5{,}000 units to a UK buyer at \(£12\) per unit. The exchange rate is \(\text{₦}560\) per \(£1\). The bank charges a commission of \(5\%\) on the foreign‑currency amount and customs duty is \(8\%\) of the converted value (excluding commission). The cost of goods is \(\text{₦}30{,}000\) per unit. The exporter wants a net profit of \(15\%\) on the total landed cost. What minimum selling price per unit in naira should be quoted?
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About This Question
This is Gce Model Questions Vol1 2022 Commerce Question 42. It is one of the objective questions from the 2022 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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