Waec Model Questions Vol1 2025 Commerce Question 31
Practice objective / multiple choice question 31 from the 2025 Waec Model Questions Vol1 Commerce examination.
An importer purchases 5,000 kg of cocoa beans from Ghana. The invoice price is $2.80 per kg. Freight charges are $0.45 per kg. Insurance is charged at 0.5% of the CIF value (CIF = Cost + Freight + Insurance). Customs duty is 5% of the CIF, and a surcharge of 2% is levied on the duty amount. The importer wants a profit margin of 12% on the total landed cost (in Naira). The exchange rate is ₦460 per US$. What selling price per kilogram in Naira should the importer set to achieve the target profit?
Answer Options
About This Question
This is Waec Model Questions Vol1 2025 Commerce Question 31. It is one of the objective questions from the 2025 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.