Gce Model Questions Vol1 2021 Commerce Question 27
Practice objective / multiple choice question 27 from the 2021 Gce Model Questions Vol1 Commerce examination.
A consumer purchases a washing machine for \(\text{₦}45{,}000\) that comes with a two‑year guarantee covering parts only. After \(18\) months the machine breaks down. The seller offers a refund equal to the original price minus depreciation calculated at \(15\%\) per annum (simple linear depreciation) for the period the machine was owned. Consumer‑protection law, however, states that if a fault occurs within the guarantee period the consumer is entitled to a full refund. How much should the consumer receive under the law, and how does this compare with the seller's offer?
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About This Question
This is Gce Model Questions Vol1 2021 Commerce Question 27. It is one of the objective questions from the 2021 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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