Neco 2017 Commerce Question 41
Practice objective / multiple choice question 41 from the 2017 Neco Commerce examination.
A consumer purchases a television for \(\text{₦}120{,}000\) with a 2‑year warranty. After \(18\) months the TV fails. The seller offers either a repair or a replacement of a new model priced at \(\text{₦}150{,}000\) with a 15% discount. The consumer instead claims cash compensation equal to the depreciated value of the TV (straight‑line depreciation over the warranty period) plus a penalty of 10% of the original price, and the amount is subject to VAT at 7.5%. What is the total cash compensation the consumer should receive (in Naira)?
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About This Question
This is Neco 2017 Commerce Question 41. It is one of the objective questions from the 2017 Neco Commerce examination.
Difficulty level: Hard .
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