Post Utme Covenant University 2024 Commerce Question 18

Practice objective / multiple choice question 18 from the 2024 Post Utme Covenant University Commerce examination.

Post Utme Covenant University 2024 Commerce Objective / Multiple Choice
Question 18 POST_UTME_COVENANT_UNIVERSITY • 2024 • COMMERCE • objective

A consumer has purchased a product for ₦10,000 and has been charged a 5% sales tax. If the consumer has paid ₦11,000, how much of the payment is tax?

Answer Options

A. ₦500
B. ₦550
Correct Answer C. ₦600
D. ₦650
Correct Answer
C
Correct Option:
₦600

About This Question

This is Post Utme Covenant University 2024 Commerce Question 18. It is one of the objective questions from the 2024 Post Utme Covenant University Commerce examination.

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