Neco Model Questions Vol1 2025 Commerce Question 19
Practice objective / multiple choice question 19 from the 2025 Neco Model Questions Vol1 Commerce examination.
A television has a marked price of ₦150,000. The store first gives a seasonal discount of 15\%, then a members' discount of 5\% on the reduced price, and finally adds sales tax of 12\% to the discounted price. Under the Consumer Protection Act, the final price of such a television may not exceed 90\% of the marked price after all lawful discounts and taxes. Determine whether the store's final price complies with the Act. If it does not, state the maximum lawful price and the amount by which the consumer's price exceeds that limit.
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This is Neco Model Questions Vol1 2025 Commerce Question 19. It is one of the objective questions from the 2025 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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