Waec Model Questions Vol1 2025 Commerce Question 43

A retailer advertises a television set with a cash price of ₦150,000, stating that the price includes all taxes. The prevailing VAT rate is 7.5% and a regulatory levy of 2% are applicable on all electronic goods unless already included. After purchase, the consumer is charged an additional ₦13,500 for VAT and ₦4,000 for the levy, and discovers that a 5% cash‑payment discount advertised was not applied at checkout. (a) What total amount should the consumer have paid if the advertisement was correct? (b) What amount did the consumer actually pay? (c) What is the monetary loss suffered because of the retailer's non‑compliance? (d) Did the retailer violate the Consumer Protection Act provision that requires price displays to be "all‑inclusive"? Provide justification for each part.