Neco 2022 Commerce Question 35

Practice objective / multiple choice question 35 from the 2022 Neco Commerce examination.

Neco 2022 Commerce Objective / Multiple Choice Easy Difficulty
Question 35 NECO • 2022 • COMMERCE • objective

An importer brings goods valued at \u20A2 2,000,000. Customs duty is \(15\%\) of the value, and a value‑added tax (VAT) of \(5\%\) is charged on the sum of the goods value plus customs duty. What is the total amount payable to customs?

Answer Options

A. 2400000
Correct Answer B. 2415000
C. 2425000
D. 2500000
Correct Answer
B
Correct Option:
2415000

About This Question

This is Neco 2022 Commerce Question 35. It is one of the objective questions from the 2022 Neco Commerce examination.

Difficulty level: Easy .

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