Gce Model Questions Vol1 2019 Civic Education Question 21
Practice objective / multiple choice question 21 from the 2019 Gce Model Questions Vol1 Civic Education examination.
An elected official receives bribes from three contractors in the ratio \(2:3:5\). The total amount of bribes received is unknown. He declares only the smallest bribe and pays income tax of \(10\%\) on the declared amount. The undeclared portion, if discovered, attracts a penalty equal to \(50\%\) of that undeclared amount. After paying tax and the penalty, his net gain from the bribes is exactly ₦580,000. What was the total amount of bribes received (in naira)?
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About This Question
This is Gce Model Questions Vol1 2019 Civic Education Question 21. It is one of the objective questions from the 2019 Gce Model Questions Vol1 Civic Education examination.
Difficulty level: Hard .
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