Waec Model Questions Vol1 2023 Commerce Question 2
Practice objective / multiple choice question 2 from the 2023 Waec Model Questions Vol1 Commerce examination.
A consumer bought a washing machine for ₦120,000 with a 2‑year warranty. After 18 months the machine broke. The seller offered to repair it for ₦15,000, but the consumer prefers a refund. Under the Consumer Protection Act, the consumer may claim a refund equal to the purchase price less depreciation (depreciation is charged at 10 % per year of the original price) plus any out‑of‑pocket expenses. The consumer also incurred a return‑shipping cost of ₦5,000. The refund is to be paid after a delay of 3 months, and interest at 12 % per annum is payable on the refundable amount for the period of delay. What total amount should the consumer claim?
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About This Question
This is Waec Model Questions Vol1 2023 Commerce Question 2. It is one of the objective questions from the 2023 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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