Neco Model Questions Vol1 2018 Commerce Question 13
Practice objective / multiple choice question 13 from the 2018 Neco Model Questions Vol1 Commerce examination.
A consumer purchases a washing machine for ₦85,000. The machine is covered by a 2‑year warranty that only covers parts. After 18 months the consumer returns the machine because of a fault. The store's policy is: (i) a depreciation of 15 % per year (pro‑rated for months) is deducted from the purchase price, (ii) a restocking fee of 5 % of the original purchase price is also deducted, and (iii) the consumer receives a 2 % cash‑back on the amount that remains after the first two deductions. What is the final cash amount the consumer receives?
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About This Question
This is Neco Model Questions Vol1 2018 Commerce Question 13. It is one of the objective questions from the 2018 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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