O-LevelCommerceGlobal trade7100/12 · May/June 2017 · Q281 Mark

Mr Gupta has bought a consignment of jewellery for $1000, subject to an import tax of 25%. How much will Mr Gupta have to pay to take possession of the jewellery from a bonded warehouse?

A$750

B$1000

C$1025

D$1250

✓ Correct answer

D: $1250

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Topic: Global trade, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, May/June 2017 Paper 1 Variant 2, question 28.

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