Neco 2025 Islamic Religious Studies Question 5
Practice objective / multiple choice question 5 from the 2025 Neco Islamic Religious Studies examination.
A Muslim‑owned company earned a profit of \(30\) million ₦ in a fiscal year. Before any distribution, it must pay zakat at \(2.5\%\) of the profit. After zakat, \(40\%\) of the remaining profit is to be shared equally among its \(200\) employees as a profit‑sharing bonus, and the rest is retained in the business. Calculate (a) the amount of zakat payable, (b) the bonus each employee receives, and (c) the amount retained by the company. Give your answers in millions of naira to two decimal places where appropriate.
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About This Question
This is Neco 2025 Islamic Religious Studies Question 5. It is one of the objective questions from the 2025 Neco Islamic Religious Studies examination.
Difficulty level: Hard .
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