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A baker bought flour and other ingredients for $250.00, spent $52.00 on distribution, sold the...

Economics
WAEC 2018

A baker bought flour and other ingredients for $250.00, spent $52.00 on distribution, sold the bread for $320.00. the value added by the baker is?

  • A. $302.00
  • B. $52.00
  • C. $18.00
  • D. $622.00
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Correct Answer: Option C
Explanation

floor = $250

distribution cost = $52

250 + 52 = 302

selling price $320 - $302 =  $18

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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
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WAEC offline past questions - with all answers and explanations in one app - Download for free
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts