Post Utme Ui 2017 Commerce Question 36

Practice objective / multiple choice question 36 from the 2017 Post Utme Ui Commerce examination.

Post Utme Ui 2017 Commerce Objective / Multiple Choice
Question 36 POST_UTME_UI • 2017 • COMMERCE • objective

A consumer protection agency has received complaints about a company's unfair business practices. The agency has collected evidence that the company has engaged in price-fixing, which has resulted in a 20% increase in prices for consumers. If the company's current revenue is ₦500 million, what is the expected increase in revenue if the company continues to engage in price-fixing?

Answer Options

A. ₦100 million
Correct Answer B. ₦120 million
C. ₦140 million
D. ₦160 million
Correct Answer
B
Correct Option:
₦120 million

About This Question

This is Post Utme Ui 2017 Commerce Question 36. It is one of the objective questions from the 2017 Post Utme Ui Commerce examination.

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