Neco 2022 Commerce Question 26
Practice objective / multiple choice question 26 from the 2022 Neco Commerce examination.
Alpha Ltd sells 150 units of product X at a unit price of \(\text{₦}2,500\). The terms of sale are a 2\% discount if payment is made within 10 days, otherwise a 5\% discount if payment is made within 30 days, and a sales tax of 7.5\% applied after discounts. The buyer pays within 20 days and also returns 20 defective units, for which a full refund (including tax) is given. Additionally, the company charges a handling fee of \(\text{₦}1,200\) on the returned goods. What amount should be shown as the net amount payable on the final invoice after accounting for the discounts, tax, returns, and handling fee?
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About This Question
This is Neco 2022 Commerce Question 26. It is one of the objective questions from the 2022 Neco Commerce examination.
Difficulty level: Hard .
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