Waec Model Questions Vol1 2022 Commerce Question 40
Practice objective / multiple choice question 40 from the 2022 Waec Model Questions Vol1 Commerce examination.
An importer plans to bring 5,000 kg of cocoa beans. The world price is US$2.20 per kg and the exchange rate is ₦460 per US$. Import duty is 12% of the customs value (price in Naira) and a handling fee of ₦150 per kg is charged. The importer wants a 25% profit on the total landed cost. What should be the selling price per kilogram in Naira?
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About This Question
This is Waec Model Questions Vol1 2022 Commerce Question 40. It is one of the objective questions from the 2022 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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