Neco 2025 Commerce Question 43
Practice objective / multiple choice question 43 from the 2025 Neco Commerce examination.
A trader imports 5,000 kg of cocoa beans. The world price is US$2.20 per kg and the shipping cost is US$0.30 per kg. An import duty of 12% (ad valorem) is levied on the sum of the cost and shipping (CIF). The exchange rate is ₦460 per US$. After landing the beans, the trader adds a profit margin of 25% on the total landed cost (in Naira) and sells the beans. What is the selling price per kilogram in Naira, rounded to the nearest naira?
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About This Question
This is Neco 2025 Commerce Question 43. It is one of the objective questions from the 2025 Neco Commerce examination.
Difficulty level: Medium .
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