Post Utme Pan Atlantic University 2017 Economics Question 13

Practice objective / multiple choice question 13 from the 2017 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2017 Economics Objective / Multiple Choice
Question 13 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2017 • ECONOMICS • objective

A government in Nigeria imposes a tax of ₦500 on every liter of petrol sold. If the price of petrol is ₦150 per liter, what is the tax rate?

Answer Options

Correct Answer A. 3.33%
B. 2.67%
C. 1.33%
D. 0.67%
Correct Answer
A
Correct Option:
3.33%

About This Question

This is Post Utme Pan Atlantic University 2017 Economics Question 13. It is one of the objective questions from the 2017 Post Utme Pan Atlantic University Economics examination.

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