Gce Model Questions Vol1 2024 Commerce Question 29
Practice objective / multiple choice question 29 from the 2024 Gce Model Questions Vol1 Commerce examination.
A retailer imports 200 units of a product at \(\$45\) each. Shipping costs \(\$500\). Insurance is charged at 2 % of the CIF (cost, insurance, freight) value, and a tariff of 10 % is applied to the CIF value. If the exchange rate is \(\text{₦}460\) per \(\$\), what is the total cost of the import in \(\text{₦}\)?
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This is Gce Model Questions Vol1 2024 Commerce Question 29. It is one of the objective questions from the 2024 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Easy .
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