Post Utme Joseph Ayo Babalola University 2024 Commerce Question 23

Practice objective / multiple choice question 23 from the 2024 Post Utme Joseph Ayo Babalola University Commerce examination.

Post Utme Joseph Ayo Babalola University 2024 Commerce Objective / Multiple Choice
Question 23 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2024 • COMMERCE • objective

A consumer purchases a product with a price of ₦5,000. If the sales tax rate is 10%, how much tax is paid?

Answer Options

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

About This Question

This is Post Utme Joseph Ayo Babalola University 2024 Commerce Question 23. It is one of the objective questions from the 2024 Post Utme Joseph Ayo Babalola University Commerce examination.

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