Neco Model Questions Vol1 2022 Commerce Question 20
Practice objective / multiple choice question 20 from the 2022 Neco Model Questions Vol1 Commerce examination.
A trader purchases 200 kg of cocoa at \(\text{₦}1\,200\) per kg. He pays a customs duty of 5 % on the purchase value and a freight charge of \(\text{₦}30\,000\). He sells the cocoa at \(\text{₦}1\,500\) per kg. What is his profit (in naira)?
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About This Question
This is Neco Model Questions Vol1 2022 Commerce Question 20. It is one of the objective questions from the 2022 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Easy .
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