Neco 2020 Islamic Religious Studies Question 26
Practice objective / multiple choice question 26 from the 2020 Neco Islamic Religious Studies examination.
A trader bought 20 camels at a price of Naira \(150{,}000\) each. He sold 12 camels at Naira \(180{,}000\) each and the remaining 8 camels at Naira \(170{,}000\) each. He also paid a transport cost of Naira \(200{,}000\) and a market fee equal to \(5\%\) of his total sales. What is the amount of zakat (\(2.5\%\)) he must pay on his net profit?
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About This Question
This is Neco 2020 Islamic Religious Studies Question 26. It is one of the objective questions from the 2020 Neco Islamic Religious Studies examination.
Difficulty level: Medium .
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