City Guilds Model Questions Vol1 2025 Information Technology Question 12
Practice objective / multiple choice question 12 from the 2025 City Guilds Model Questions Vol1 Information Technology examination.
A company records its monthly revenue and cost for a 12‑month fiscal year. - Revenue follows an arithmetic progression: \(R_m = 8000 + 500\,(m-1)\) naira for month \(m\) (\(m=1\) to \(12\)). - Cost follows a geometric progression: \(C_m = 3000\times 1.05^{\,m-1}\) naira. - Profit for a month is \(P_m = R_m - C_m\). - If a month's profit exceeds \(5{,}000\) naira, a tax of 10 % is deducted from that month's profit; otherwise no tax is applied. Calculate the total net profit for the year, rounded to the nearest naira.
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About This Question
This is City Guilds Model Questions Vol1 2025 Information Technology Question 12. It is one of the objective questions from the 2025 City Guilds Model Questions Vol1 Information Technology examination.
Difficulty level: Medium .
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