Gce Model Questions Vol1 2017 Commerce Question 42
Practice objective / multiple choice question 42 from the 2017 Gce Model Questions Vol1 Commerce examination.
A consumer buys a washing machine advertised at \(₦120,000\). At the time of purchase she receives a promotional discount of 10\% off the advertised price. After 18 months the machine fails, and under the consumer‑rights act the seller may offer a refund after deducting a usage depreciation of 30\% of the amount actually paid. In addition, the seller must add a statutory compensation of 5\% of the amount actually paid. How much refund should the consumer receive?
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About This Question
This is Gce Model Questions Vol1 2017 Commerce Question 42. It is one of the objective questions from the 2017 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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