Waec Model Questions Vol1 2022 Commerce Question 49

Practice objective / multiple choice question 49 from the 2022 Waec Model Questions Vol1 Commerce examination.

Waec Model Questions Vol1 2022 Commerce Objective / Multiple Choice Easy Difficulty
Question 49 WAEC_MODEL_QUESTIONS_VOL1 • 2022 • COMMERCE • objective

A merchant imports goods whose invoice value is $200,000. The shipping cost is $15,000 and the insurance premium is $5,000. If the contract is on CIF terms, what is the total cost of the goods for the importer?

Answer Options

Correct Answer A. $220,000
B. $215,000
C. $230,000
D. $225,000
Correct Answer
A
Correct Option:
$220,000

About This Question

This is Waec Model Questions Vol1 2022 Commerce Question 49. It is one of the objective questions from the 2022 Waec Model Questions Vol1 Commerce examination.

Difficulty level: Easy .

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