Neco Model Questions Vol1 2025 Commerce Question 24

Practice objective / multiple choice question 24 from the 2025 Neco Model Questions Vol1 Commerce examination.

Neco Model Questions Vol1 2025 Commerce Objective / Multiple Choice Hard Difficulty
Question 24 NECO_MODEL_QUESTIONS_VOL1 • 2025 • COMMERCE • objective

A consumer sees an advertisement for a washing machine listed at \(\N{150,000}\) with a "20% discount" and a "cash rebate of \N{10,000}\". The ad also claims "Free delivery within Lagos". After purchase the seller reveals that a hidden surcharge of \(\N{15,000}\) was added before the discount, the cash rebate is only given if the buyer registers online within 7 days (which the consumer missed), and the consumer was charged \(\N{12,000}\) for delivery. The consumer paid the full amount at the store. Determine the effective price actually paid, the net saving (if any) compared with the advertised list price, and state whether the advertisement is likely to be considered misleading under the Nigerian Consumer Protection Act.

Answer Options

A. Effective price \N{138,000}; net saving \N{12,000}; advertisement is likely misleading under the CPA.
B. Effective price \N{146,000}; net saving \N{4,000}; advertisement is not misleading under the CPA.
Correct Answer C. Effective price \N{144,000}; net saving \N{6,000}; advertisement is likely misleading under the CPA.
D. Effective price \N{150,000}; net saving \N{0}; advertisement is likely misleading under the CPA.
Correct Answer
C
Correct Option:
Effective price \N{144,000}; net saving \N{6,000}; advertisement is likely misleading under the CPA.

About This Question

This is Neco Model Questions Vol1 2025 Commerce Question 24. It is one of the objective questions from the 2025 Neco Model Questions Vol1 Commerce examination.

Difficulty level: Hard .

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