Neco 2025 Commerce Question 39
Practice objective / multiple choice question 39 from the 2025 Neco Commerce examination.
An importer plans to bring 2,000 kg of cocoa beans. The world market price is US\$3.20 per kg and freight charges are US\$0.45 per kg. The exchange rate is ₦460 per US\$. Import duty is \(12\%\) of the CIF (cost, insurance, freight) value. The importer wants a profit of \(18\%\) on his total landed cost (CIF plus duty). What selling price per kg (in naira) should he set to achieve this profit?
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About This Question
This is Neco 2025 Commerce Question 39. It is one of the objective questions from the 2025 Neco Commerce examination.
Difficulty level: Medium .
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