Neco Model Questions Vol1 2024 Commerce Question 21
Practice objective / multiple choice question 21 from the 2024 Neco Model Questions Vol1 Commerce examination.
A consumer purchases a television with a marked price of ₦200,000. The retailer first gives a 10 % discount on the marked price, then a trade‑in allowance of ₦15,000 is deducted from the discounted price. Sales tax of 5 % is then added to the net price. The consumer also pays a delivery charge of ₦5,000, which is non‑refundable. After two weeks the consumer returns the television under the warranty. The store charges a restocking fee equal to 5 % of the amount the consumer actually paid (including tax but excluding delivery). What is the net monetary loss to the consumer?
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This is Neco Model Questions Vol1 2024 Commerce Question 21. It is one of the objective questions from the 2024 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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