Post Utme Unilorin 2020 Economics Question 23

Practice objective / multiple choice question 23 from the 2020 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2020 Economics Objective / Multiple Choice
Question 23 POST_UTME_UNILORIN • 2020 • ECONOMICS • objective

The government of a country imposes a tax on a commodity, which increases the price of the commodity by 20%. If the original price of the commodity was ₦100, what is the new price?

Answer Options

A. ₦120
Correct Answer B. ₦125
C. ₦130
D. ₦135
Correct Answer
B
Correct Option:
₦125

About This Question

This is Post Utme Unilorin 2020 Economics Question 23. It is one of the objective questions from the 2020 Post Utme Unilorin Economics examination.

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