Gce Model Questions Vol1 2019 Commerce Question 36
Practice objective / multiple choice question 36 from the 2019 Gce Model Questions Vol1 Commerce examination.
A consumer bought a television for \(\text{₦}120{,}000\) with a 2‑year warranty covering defects. After \(18\) months the TV fails. The consumer may claim a repair cost of \(\text{₦}15{,}000\) and also a refund of the depreciated value of the TV. Depreciation is calculated on a straight‑line basis over \(3\) years. In addition, if the seller does not repair the TV within \(30\) days, the consumer is entitled to statutory compensation equal to \(10\%\) of the original price. The seller delays \(45\) days. What total amount can the consumer claim if they choose the refund option (i.e., they do not require the repair)?
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About This Question
This is Gce Model Questions Vol1 2019 Commerce Question 36. It is one of the objective questions from the 2019 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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