Waec Model Questions Vol1 2024 Commerce Question 48
Practice objective / multiple choice question 48 from the 2024 Waec Model Questions Vol1 Commerce examination.
An importer wants to bring 5,000 kg of cocoa beans. The world price is $2.40 per kg and the exchange rate is ₦415 per $. Import duty is 15% of the CIF value plus a surcharge of 2% on the duty amount. Shipping and insurance cost ₦150 per kg, but a 5% discount on shipping is given when the weight exceeds 4,000 kg. Calculate the total amount in naira the importer must pay, including duty, surcharge and discounted shipping.
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About This Question
This is Waec Model Questions Vol1 2024 Commerce Question 48. It is one of the objective questions from the 2024 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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