Post Utme Elizade University 2023 Economics Question 18

Practice objective / multiple choice question 18 from the 2023 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2023 Economics Objective / Multiple Choice
Question 18 POST_UTME_ELIZADE_UNIVERSITY • 2023 • ECONOMICS • objective

The government has introduced a new tax on luxury goods. The tax rate is 10% of the price of the good. If a luxury good \costs ₦10,000, what is the amount of tax paid?

Answer Options

Correct Answer A. ₦1,000
B. ₦1,500
C. ₦2,000
D. ₦2,500
Correct Answer
A
Correct Option:
₦1,000

About This Question

This is Post Utme Elizade University 2023 Economics Question 18. It is one of the objective questions from the 2023 Post Utme Elizade University Economics examination.

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