Neco Model Questions Vol1 2019 Commerce Question 5
Practice objective / multiple choice question 5 from the 2019 Neco Model Questions Vol1 Commerce examination.
In 2022, Nigeria imported 1,200,000 tonnes of cocoa beans at an average price of ₦1,500 per tonne. In 2023, imports fell to 950,000 tonnes and the average price rose to ₦1,620 per tonne. a) Compute the total value of cocoa bean imports for each year. b) Determine the percentage change in the total import value from 2022 to 2023 (indicate increase or decrease).
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About This Question
This is Neco Model Questions Vol1 2019 Commerce Question 5. It is one of the objective questions from the 2019 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Easy .
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