Post Utme Osustech 2021 Economics Question 39

Practice objective / multiple choice question 39 from the 2021 Post Utme Osustech Economics examination.

Post Utme Osustech 2021 Economics Objective / Multiple Choice
Question 39 POST_UTME_OSUSTECH • 2021 • 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 ₦1000, what is the amount of tax paid?

Answer Options

A. ₦100
Correct Answer B. ₦200
C. ₦300
D. ₦400
Correct Answer
B
Correct Option:
₦200

About This Question

This is Post Utme Osustech 2021 Economics Question 39. It is one of the objective questions from the 2021 Post Utme Osustech Economics examination.

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