Waec Model Questions Vol1 2020 Commerce Question 39
Practice objective / multiple choice question 39 from the 2020 Waec Model Questions Vol1 Commerce examination.
An importer wishes to buy goods worth US$50,000. The exchange rate is ₦410 per US$. The bank charges a commission of 1.5 % on the dollar amount and gives a discount of 0.5 % on the commission because the transaction exceeds US$40,000. What is the total amount in naira the importer must pay (rounded to the nearest naira)?
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About This Question
This is Waec Model Questions Vol1 2020 Commerce Question 39. It is one of the objective questions from the 2020 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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