Neco 2021 Commerce Question 6
Practice objective / multiple choice question 6 from the 2021 Neco Commerce examination.
A consumer purchases a television for \(₦120,000\). The warranty covers repair costs but the consumer must pay a \(20\%\) service charge on any repair. After 8 months the TV fails and the repair bill is \(₦15,000\). The consumer pays the service charge and the repair is completed. Six months later the TV fails again. The seller's refund policy states that if a product fails twice within the warranty period, the refund equals the purchase price minus all amounts the consumer has paid for repairs and service charges, and then a \(5\%\) loyalty discount is added to the remaining amount. Calculate the amount of refund the consumer will receive.
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About This Question
This is Neco 2021 Commerce Question 6. It is one of the objective questions from the 2021 Neco Commerce examination.
Difficulty level: Hard .
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