Neco 2023 Commerce Question 13
Practice objective / multiple choice question 13 from the 2023 Neco Commerce examination.
A household trades 8 kg of rice for 5 kg of beans with a neighbour. If the market price of rice is \(\text{₦}200\) per kg and the market price of beans is \(\text{₦}350\) per kg, does the household gain or lose in monetary terms? State the amount of gain or loss.
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About This Question
This is Neco 2023 Commerce Question 13. It is one of the objective questions from the 2023 Neco Commerce examination.
Difficulty level: Easy .
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