Waec Model Questions Vol1 2020 Commerce Question 4
Practice objective / multiple choice question 4 from the 2020 Waec Model Questions Vol1 Commerce examination.
A store advertises a washing machine with a marked price of ₦150,000. The store first applies a seasonal price increase of 12% on the marked price, then gives a promotional discount of 18% on the increased price, and finally adds a value‑added tax (VAT) of 7.5% to the discounted price. The Consumer Protection Act caps the final selling price at 115% of the original marked price; if the computed final price exceeds this cap, the store must reduce the price to the cap. What is the final selling price the consumer will pay, and does the store have to apply the cap?
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About This Question
This is Waec Model Questions Vol1 2020 Commerce Question 4. It is one of the objective questions from the 2020 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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