Post Utme Coal City University 2022 Commerce Question 12

Practice objective / multiple choice question 12 from the 2022 Post Utme Coal City University Commerce examination.

Post Utme Coal City University 2022 Commerce Objective / Multiple Choice
Question 12 POST_UTME_COAL_CITY_UNIVERSITY • 2022 • COMMERCE • objective

A consumer purchases a product for ₦10,000 and pays a 5% sales tax. If the consumer returns the product and receives a full refund, but the retailer deducts a 10% restocking fee, what is the total amount the consumer receives as a refund?

Answer Options

A. ₦9,500
Correct Answer B. ₦9,000
C. ₦8,500
D. ₦8,000
Correct Answer
B
Correct Option:
₦9,000

About This Question

This is Post Utme Coal City University 2022 Commerce Question 12. It is one of the objective questions from the 2022 Post Utme Coal City University Commerce examination.

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