Post Utme Caleb University 2024 Economics Question 28

Practice objective / multiple choice question 28 from the 2024 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2024 Economics Objective / Multiple Choice
Question 28 POST_UTME_CALEB_UNIVERSITY • 2024 • ECONOMICS • objective

A farmer in Nigeria produces 1000 bags of rice per year. The price of rice is ₦150 per bag. If the government imposes a 20% tax on the price of rice, what is the new price of rice per bag?

Answer Options

A. ₦180
B. ₦200
Correct Answer C. ₦220
D. ₦240
Correct Answer
C
Correct Option:
₦220

About This Question

This is Post Utme Caleb University 2024 Economics Question 28. It is one of the objective questions from the 2024 Post Utme Caleb University Economics examination.

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