Gce Model Questions Vol1 2020 Civic Education Question 33
Practice objective / multiple choice question 33 from the 2020 Gce Model Questions Vol1 Civic Education examination.
A public procurement project is valued at \(\text{₦}50{,}000{,}000\). A kickback scheme takes \(5\%\) of the project value, which is split equally among three officials. Each official also incurs a personal cost of \(\text{₦}200{,}000\) to conceal the bribe. What is the net monetary gain for each official, rounded to the nearest naira?
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About This Question
This is Gce Model Questions Vol1 2020 Civic Education Question 33. It is one of the objective questions from the 2020 Gce Model Questions Vol1 Civic Education examination.
Difficulty level: Hard .
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