Neco 2025 Commerce Question 4

Practice essay / theory question 4 from the 2025 Neco Commerce examination. This question covers Foreign Trade .

Neco 2025 Commerce Essay / Theory

Topic: Foreign Trade

Question 4 NECO • 2025 • COMMERCE • essay

A Nigerian exporter sells 5,000 kg of cocoa beans to a buyer in Ghana. The terms of the contract are as follows: - FOB price in the United States: $2.00 per kg - Shipping and insurance cost: $0.30 per kg (CIF addition) - Ghana imposes an import tariff of 5 % on the CIF value. - The exchange rate at the time of contract signing is ₦750 per US$. Answer the following:

( a )

Calculate the total revenue the exporter will receive in Naira after accounting for the tariff.

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This is Neco 2025 Commerce Question 4. It is one of the essay questions from the 2025 Neco Commerce examination.

The question covers Foreign Trade .

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