Post Utme Oau 2018 Economics Question 23

Practice objective / multiple choice question 23 from the 2018 Post Utme Oau Economics examination.

Post Utme Oau 2018 Economics Objective / Multiple Choice
Question 23 POST_UTME_OAU • 2018 • ECONOMICS • objective

The government of Nigeria has introduced a new tax on luxury goods. The tax is 10% of the price of the good. If the price of a luxury good is ₦500, what is the amount of tax paid?

Answer Options

A. ₦50
Correct Answer B. ₦100
C. ₦150
D. ₦200
Correct Answer
B
Correct Option:
₦100

About This Question

This is Post Utme Oau 2018 Economics Question 23. It is one of the objective questions from the 2018 Post Utme Oau Economics examination.

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