Waec Model Questions Vol1 2024 Commerce Question 25
Practice objective / multiple choice question 25 from the 2024 Waec Model Questions Vol1 Commerce examination.
A consumer bought a refrigerator for ₦180,000. The warranty states that any defect occurring within 12 months will be repaired free of charge. After 8 months the refrigerator stopped cooling. The dealer took 15 days to diagnose the problem and a further 20 days to repair it, during which the consumer could not use the fridge. Consumer law provides that for a breach of warranty the consumer is entitled to a refund of the purchase price minus a reasonable depreciation of 20%, plus simple interest at the statutory rate of 12% per annum for the period the goods were unusable. What amount is the consumer entitled to receive as compensation (rounded to the nearest naira)?
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About This Question
This is Waec Model Questions Vol1 2024 Commerce Question 25. It is one of the objective questions from the 2024 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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