Neco Model Questions Vol1 2018 Commerce Question 20
Practice objective / multiple choice question 20 from the 2018 Neco Model Questions Vol1 Commerce examination.
An importer in Nigeria purchases goods priced at €50,000. The exchange rate is ₦560 per euro. The goods are subject to a 5\% import duty and a 2\% surcharge on the duty amount. The importer receives a 3\% discount on the total cost (including duty and surcharge) for early payment. Determine the total amount in Naira the importer must pay after applying the discount.
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About This Question
This is Neco Model Questions Vol1 2018 Commerce Question 20. It is one of the objective questions from the 2018 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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