Post Utme Ims U 2020 Economics Question 10

Practice objective / multiple choice question 10 from the 2020 Post Utme Ims U Economics examination.

Post Utme Ims U 2020 Economics Objective / Multiple Choice
Question 10 POST_UTME_IMS_U • 2020 • ECONOMICS • objective

The government of Nigeria imposes a tax of ₦500 on every liter of petrol. If the price of petrol is ₦150 per liter, what is the tax revenue?

Answer Options

A. ₦75,000
Correct Answer B. ₦75,500
C. ₦76,000
D. ₦76,500
Correct Answer
B
Correct Option:
₦75,500

About This Question

This is Post Utme Ims U 2020 Economics Question 10. It is one of the objective questions from the 2020 Post Utme Ims U Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support