Post Utme Ui 2021 Economics Question 33

Practice objective / multiple choice question 33 from the 2021 Post Utme Ui Economics examination.

Post Utme Ui 2021 Economics Objective / Multiple Choice
Question 33 POST_UTME_UI • 2021 • ECONOMICS • objective

A farmer produces 100 bags of maize at a \cost of ₦500 per bag. The selling price of each bag is ₦600. What is the farmer's profit?

Answer Options

A. ₦10,000
Correct Answer B. ₦20,000
C. ₦30,000
D. ₦40,000
Correct Answer
B
Correct Option:
₦20,000

About This Question

This is Post Utme Ui 2021 Economics Question 33. It is one of the objective questions from the 2021 Post Utme Ui Economics examination.

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