Neco 2025 Islamic Religious Studies Question 48
Practice objective / multiple choice question 48 from the 2025 Neco Islamic Religious Studies examination.
A merchant's assets at the end of the lunar year are cash \(\text{₦}500,000\), gold 30 g valued at \(\text{₦}150,000\), and wheat 200 kg valued at \(\text{₦}80,000\). He also has a receivable of \(\text{₦}70,000\) and outstanding debts of \(\text{₦}120,000\). The nisab for zakat equals the value of 85 g of gold, which at the current price is \(\text{₦}425,000\). Zakat is 2.5 % of the net zakatable wealth that exceeds the nisab. How much zakat must the merchant pay (in Naira)?
Answer Options
About This Question
This is Neco 2025 Islamic Religious Studies Question 48. It is one of the objective questions from the 2025 Neco Islamic Religious Studies examination.
Difficulty level: Medium .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.