Neco 2017 Commerce Question 29
Practice objective / multiple choice question 29 from the 2017 Neco Commerce examination.
A trader buys \(5000\) US dollars when the exchange rate is \(360\) naira per US$. He pays a commission of 1.5% on the amount in naira. He later sells the dollars at a rate of \(380\) naira per US$ with no commission. What is his profit in naira?
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About This Question
This is Neco 2017 Commerce Question 29. It is one of the objective questions from the 2017 Neco Commerce examination.
Difficulty level: Easy .
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