Waec Model Questions Vol1 2017 Commerce Question 47
Practice objective / multiple choice question 47 from the 2017 Waec Model Questions Vol1 Commerce examination.
An importer plans to bring 5,000 kg of cocoa beans into Nigeria. The invoice price is US$3,200. The exchange rate is ₦410 per US$. Shipping charges are US$0.30 per kilogram and insurance is charged at 0.2% of the CIF value. Import duty is 5% of the CIF value (in Naira). After all costs, the importer wants a profit of 12% on the total landed cost. What should be the selling price per kilogram in Naira? Round your answer to two decimal places.
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About This Question
This is Waec Model Questions Vol1 2017 Commerce Question 47. It is one of the objective questions from the 2017 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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