Neco 2020 Commerce Question 20

Practice objective / multiple choice question 20 from the 2020 Neco Commerce examination.

Neco 2020 Commerce Objective / Multiple Choice Easy Difficulty
Question 20 NECO • 2020 • COMMERCE • objective

An importer buys goods costing \(150,000\) naira. Freight charges are \(5\\%\) of the cost, and insurance is \(2\\%\) of the sum of the cost and freight. What is the total landed cost of the goods (in naira)?

Answer Options

A. 168150
Correct Answer B. 160650
C. 157650
D. 160500
Correct Answer
B
Correct Option:
160650

About This Question

This is Neco 2020 Commerce Question 20. It is one of the objective questions from the 2020 Neco Commerce examination.

Difficulty level: Easy .

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