Post Utme Afe Babalola University 2024 Commerce Question 7

Practice objective / multiple choice question 7 from the 2024 Post Utme Afe Babalola University Commerce examination.

Post Utme Afe Babalola University 2024 Commerce Objective / Multiple Choice
Question 7 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2024 • COMMERCE • objective

A consumer purchases a product with a price of ₦5,000. If the product is subject to a 10% sales tax, what is the amount of tax paid?

Answer Options

Correct Answer A. ₦500
B. ₦1,000
C. ₦5,000
D. ₦10,000
Correct Answer
A
Correct Option:
₦500

About This Question

This is Post Utme Afe Babalola University 2024 Commerce Question 7. It is one of the objective questions from the 2024 Post Utme Afe Babalola University Commerce examination.

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