Neco Model Questions Vol1 2019 Commerce Question 13
Practice objective / multiple choice question 13 from the 2019 Neco Model Questions Vol1 Commerce examination.
An electronic gadget was originally priced at ₦5,000. Over two years the seller applied the following successive adjustments: Year 1 - a price increase of \(12\%\); Year 1 - a discount of \(5\%\); Year 2 - a surcharge of \(8\%\); Year 2 - a promotional discount of \(10\%\). (i) Compute the final selling price (to the nearest kobo). (ii) The Consumer Protection Act limits the net increase in price of a product to \(20\%\) per year. Does the final price comply with this limit? State the final price and answer "compliant" or "non‑compliant".
Answer Options
About This Question
This is Neco Model Questions Vol1 2019 Commerce Question 13. It is one of the objective questions from the 2019 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.