Neco Model Questions Vol1 2017 Commerce Question 35
Practice objective / multiple choice question 35 from the 2017 Neco Model Questions Vol1 Commerce examination.
A trader purchases US dollars at the official rate of \(\text{₦}380\) per \(\$1\) and sells them to customers with a 5% markup on the purchase price. A flat processing fee of \(\text{₦}500\) is added to each transaction. How much in naira will a customer pay to buy \(\$250\)?
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About This Question
This is Neco Model Questions Vol1 2017 Commerce Question 35. It is one of the objective questions from the 2017 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Easy .
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