Gce Model Questions Vol1 2025 Commerce Question 46
Practice objective / multiple choice question 46 from the 2025 Gce Model Questions Vol1 Commerce examination.
A motor insurance policy has a final premium payable of ₦(133{,}056) after the insurer adds a loading of 10%, then a tax of 5% on the loaded amount, and finally gives a 4% discount for early payment. What was the original base premium before any loading?
Answer Options
About This Question
This is Gce Model Questions Vol1 2025 Commerce Question 46. It is one of the objective questions from the 2025 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.