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
jamb 2022economics

The correct answer is C. $18.00

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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