Gce Model Questions Vol1 2019 Commerce Question 49
Practice objective / multiple choice question 49 from the 2019 Gce Model Questions Vol1 Commerce examination.
A consumer buys a refrigerator for \(\text{₦}240,000\). The retailer offers a 2‑year warranty covering parts only. After \(18\) months the consumer discovers a defect and is entitled, under the warranty terms, to a proportional refund for the remaining warranty period. The refund is calculated on the basis of straight‑line depreciation over a 5‑year expected life of the appliance. What refund amount is the consumer entitled to?
Answer Options
About This Question
This is Gce Model Questions Vol1 2019 Commerce Question 49. It is one of the objective questions from the 2019 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.