Neco 2019 Commerce Question 43

Practice objective / multiple choice question 43 from the 2019 Neco Commerce examination.

Neco 2019 Commerce Objective / Multiple Choice Easy Difficulty
Question 43 NECO • 2019 • COMMERCE • objective

A trader imports 200 units of a product at an invoice price of ₦8,000 per unit. An import duty of 5\% of the total invoice value is charged, followed by a surcharge of ₦500 per unit after duty. What is the total amount payable in Naira?

Answer Options

A. ₦1,785,000
Correct Answer B. ₦1,780,000
C. ₦1,680,000
D. ₦1,770,000
Correct Answer
B
Correct Option:
₦1,780,000

About This Question

This is Neco 2019 Commerce Question 43. It is one of the objective questions from the 2019 Neco Commerce examination.

Difficulty level: Easy .

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