Neco 2021 Commerce Question 37
Practice objective / multiple choice question 37 from the 2021 Neco Commerce examination.
A consumer purchases a television advertised at a final price of ₦250,000. The advertised price is obtained by applying a 20\% discount on the marked price, then a further 5\% promotional discount on the discounted price, and finally adding a 7.5\% sales tax. The retailer's cost price is 70\% of the marked price. Under the consumer‑protection rule that the final price paid must not exceed the cost price by more than 30\%, determine whether this transaction complies with the law.
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About This Question
This is Neco 2021 Commerce Question 37. It is one of the objective questions from the 2021 Neco Commerce examination.
Difficulty level: Hard .
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