Gce Model Questions Vol1 2023 Commerce Question 18

Practice objective / multiple choice question 18 from the 2023 Gce Model Questions Vol1 Commerce examination.

Gce Model Questions Vol1 2023 Commerce Objective / Multiple Choice Easy Difficulty

Question 18 GCE_MODEL_QUESTIONS_VOL1 • 2023 • COMMERCE • objective

A trader imports \(200\) units of a product at a unit cost of \(\text{₦}1,500\). Insurance is charged at \(2\%\) of the cost, freight at \(8\%\) of the CIF value (cost + insurance), and an import duty of \(12\%\) of the CIF value. Calculate the total landed cost of the shipment.

Answer Options

A. ₦366,480

B. ₦330,480

Correct Answer C. ₦367,200

D. ₦367,320

Correct Answer

Correct Option:

₦367,200

About This Question

This is Gce Model Questions Vol1 2023 Commerce Question 18. It is one of the objective questions from the 2023 Gce Model Questions Vol1 Commerce examination.

Difficulty level: Easy .

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Gce Model Questions Vol1 2023 Commerce Question 18

A trader imports \(200\) units of a product at a unit cost of \(\text{₦}1,500\). Insurance is charged at \(2\%\) of the cost, freight at \(8\%\) of the CIF value (cost + insurance), and an import duty of \(12\%\) of the CIF value. Calculate the total landed cost of the shipment.

Answer Options

About This Question

Master the Exam!

A trader imports \(200\) units of a product at a unit cost of \(\text{₦}1,500\). Insurance is charged at \(2\%\) of the cost, freight at \(8\%\) of the CIF value (cost + insurance), and an import duty of \(12\%\) of the CIF value. Calculate the total landed cost of the shipment.