Neco 2022 Commerce Question 17
Practice objective / multiple choice question 17 from the 2022 Neco Commerce examination.
An importer wants to bring 2,000 kg of cocoa beans. The world market price is \(2.50\) dollars per kg and shipping plus insurance costs \(0.30\) dollars per kg. Import duty is 15% of the CIF value and a surcharge of 2% is charged on the total after duty. The exchange rate is \(\text{₦}460\) per dollar. What total amount in Naira will the importer have to pay?
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About This Question
This is Neco 2022 Commerce Question 17. It is one of the objective questions from the 2022 Neco Commerce examination.
Difficulty level: Medium .
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