Post Utme Eksu 2025 Economics Question 20

Practice objective / multiple choice question 20 from the 2025 Post Utme Eksu Economics examination.

Post Utme Eksu 2025 Economics Objective / Multiple Choice
Question 20 POST_UTME_EKSU • 2025 • ECONOMICS • objective

The government of Nigeria wants to increase its revenue from taxation. It decides to increase the tax rate on the sale of petroleum products from 10% to 15%. If the sale price of petroleum products is ₦100 per liter, what is the increase in tax revenue?

Answer Options

A. ₦5
Correct Answer B. ₦10
C. ₦15
D. ₦20
Correct Answer
B
Correct Option:
₦10

About This Question

This is Post Utme Eksu 2025 Economics Question 20. It is one of the objective questions from the 2025 Post Utme Eksu Economics examination.

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