Post Utme Covenant University 2017 Economics Question 38

Practice objective / multiple choice question 38 from the 2017 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2017 Economics Objective / Multiple Choice
Question 38 POST_UTME_COVENANT_UNIVERSITY • 2017 • ECONOMICS • objective

A government imposes a tax on a commodity, which increases the price of the commodity by 10%. If the original price of the commodity was 100, what is the new price?

Answer Options

A. 90
B. 100
Correct Answer C. 110
D. 120
Correct Answer
C
Correct Option:
110

About This Question

This is Post Utme Covenant University 2017 Economics Question 38. It is one of the objective questions from the 2017 Post Utme Covenant University Economics examination.

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