Gce Model Questions Vol1 2024 Commerce Question 17

Practice objective / multiple choice question 17 from the 2024 Gce Model Questions Vol1 Commerce examination.

Gce Model Questions Vol1 2024 Commerce Objective / Multiple Choice Easy Difficulty
Question 17 GCE_MODEL_QUESTIONS_VOL1 • 2024 • COMMERCE • objective

A trader imports goods costing \(\$8{,}000\). He pays freight equal to 5% of the cost and insurance equal to 2% of the sum of cost and freight. He also pays customs duty of 12% on the total of cost, freight and insurance. What is the total landed cost of the goods?

Answer Options

A. ₦9,800.25
B. ₦9,450.00
C. ₦9,300.50
Correct Answer D. ₦9,596.16
Correct Answer
D
Correct Option:
₦9,596.16

About This Question

This is Gce Model Questions Vol1 2024 Commerce Question 17. It is one of the objective questions from the 2024 Gce Model Questions Vol1 Commerce examination.

Difficulty level: Easy .

View More Gce Model Questions Vol1 2024 Commerce Questions More Gce Model Questions Vol1 Practice Questions Back to Questions

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