Neco Model Questions Vol1 2018 Commerce Question 16
Practice objective / multiple choice question 16 from the 2018 Neco Model Questions Vol1 Commerce examination.
A retailer advertises a television with a marked price of ₦150,000. The retailer offers a \(12\%\) discount on the marked price. After the discount, a sales tax of \(5\%\) is added to the discounted price. The consumer also pays a non‑refundable warranty fee of ₦8,000 at the time of purchase. The consumer later returns the television because it is defective. The retailer refunds only the discounted price (excluding tax) and does not refund the warranty fee. What is the total amount (in Naira) that the consumer loses as a result of the return?
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About This Question
This is Neco Model Questions Vol1 2018 Commerce Question 16. It is one of the objective questions from the 2018 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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