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?

By: |Published on: Nov 6|Categories: Economics WAEC| 0 comments

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

Correct Answer: Option C

C. $18.00

Explanation

floor = $250

distribution cost = $52

250 + 52 = 302

selling price $320 – $302 = $18

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