Neco 2024 Commerce Question 32
Practice objective / multiple choice question 32 from the 2024 Neco Commerce examination.
A trader imports 50 kg of cocoa beans at a world price of \(\text{₦}1,200\) per kg. Import duty is 5\% of the CIF value, freight charge is \(\text{₦}8,000\), and insurance is 2\% of the CIF value. Find the total landed cost per kilogram in \(\text{₦}\).
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About This Question
This is Neco 2024 Commerce Question 32. It is one of the objective questions from the 2024 Neco Commerce examination.
Difficulty level: Easy .
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