Neco 2018 Commerce Question 37
Practice objective / multiple choice question 37 from the 2018 Neco Commerce examination.
A television is advertised with a marked price \(M\). The store offers a 15\% promotional discount on \(M\). After the discount a value‑added tax of 7.5\% is added. The consumer then receives a consumer‑protection rebate equal to 40\% of the VAT amount paid. If the consumer finally pays ₦68,040 after the rebate, what was the original marked price \(M\)?
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About This Question
This is Neco 2018 Commerce Question 37. It is one of the objective questions from the 2018 Neco Commerce examination.
Difficulty level: Hard .
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