Waec Model Questions Vol1 2020 Commerce Question 26
Practice objective / multiple choice question 26 from the 2020 Waec Model Questions Vol1 Commerce examination.
A television set has a marked price of ₦150,000. The retailer offers a 20% discount and then adds a 10% sales tax on the discounted price. The consumer pays the resulting amount. After 9 months the TV develops a defect covered by the 2‑year warranty. The retailer proposes a refund equal to the purchase price less straight‑line depreciation over a 5‑year useful life, plus a compensation of 5% of the purchase price for inconvenience. What is the total refund the consumer should receive (in naira)?
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About This Question
This is Waec Model Questions Vol1 2020 Commerce Question 26. It is one of the objective questions from the 2020 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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