Neco 2020 Commerce Question 28
Practice objective / multiple choice question 28 from the 2020 Neco Commerce examination.
A trader imports \(200\) kg of rice at a foreign price of $1.20 per kg. The exchange rate is \text{₦}410 per $. He also pays a flat import duty of \text{₦}5,000 and a shipping cost of \text{₦}12,000. He sells the rice locally at \text{₦}650 per kg. Determine his profit (in Naira).
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About This Question
This is Neco 2020 Commerce Question 28. It is one of the objective questions from the 2020 Neco Commerce examination.
Difficulty level: Easy .
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