Neco Model Questions Vol1 2019 Commerce Question 39
Practice objective / multiple choice question 39 from the 2019 Neco Model Questions Vol1 Commerce examination.
An importer plans to import 5,000 kg of cocoa beans. The world price is US\$2.80 per kg and the exchange rate is ₦415 per US\$. The import duty is \(12\%\) of the customs value, and a surcharge of \(5\%\) is applied on the duty amount. A handling fee of ₦1,200 per kg is also payable. Calculate the total cost in Naira incurred by the importer and the average cost per kilogram in Naira.
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About This Question
This is Neco Model Questions Vol1 2019 Commerce Question 39. It is one of the objective questions from the 2019 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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