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JAMB Commerce 2007 Question 37

Question 37

Foreign Trade Documents

The abbreviation C & F indicates that the

  1. A.production cost excludes the cost of carriage
  2. B.selling price includes the cost of carriage
  3. C.cost of production includes delivery charges
  4. D.cost price includes the cost of carriage.
Show the answer and explanation

Answer: B (selling price includes the cost of carriage)

Explanation

C & F (cost and freight) means the price quoted covers the goods and the freight to the destination port.