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WAEC Economics 2018 Paper

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Question : 28

Total: 49

A baker bought flour and other ingredients for \

250.00, spent \backslash

52.00 on distribution, sold the bread for \$320.00. the value added by the baker is?

\$302.00
\$52.00
\$18.00
\$622.00

Solution:

floor = \ $distribution cost = \backslash$ 52

250 + 52 = 302

selling price \ $320 - \backslash$ 302 = \$18

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