A baker bought flour and other ingredients for S250.00, spent S52.00 on distribution, sold the...

JAMB 2022

A baker bought flour and other ingredients for S250.00, spent S52.00 on distribution, sold the bread for S320.00. The value added by the baker.

A. $302.00
B. $52.00
C. $18.00
D. $622.00

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Correct Answer: Option C

Explanation

Value added by the baker simply means profit which is calculated thus, profit= selling price - cost price
= $320 - (250 + 52)
= $320 - 302
Profit = $18

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A baker bought flour and other ingredients for S250.00, spent S52.00 on distribution, sold the...

Correct Answer: Option C

Explanation

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