Neco 2021 Commerce Question 38

Practice objective / multiple choice question 38 from the 2021 Neco Commerce examination.

Neco 2021 Commerce Objective / Multiple Choice Easy Difficulty
Question 38 NECO • 2021 • COMMERCE • objective

A trader imports 500 kg of cocoa at US\$2 per kilogram. The exchange rate is ₦410 per US\$. He also pays a freight charge of ₦30,000. What is the total cost of the import in naira?

Answer Options

Correct Answer A. ₦440,000
B. ₦430,000
C. ₦410,000
D. ₦470,000
Correct Answer
A
Correct Option:
₦440,000

About This Question

This is Neco 2021 Commerce Question 38. It is one of the objective questions from the 2021 Neco Commerce examination.

Difficulty level: Easy .

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