Gce Model Questions Vol1 2022 Commerce Question 12
Practice objective / multiple choice question 12 from the 2022 Gce Model Questions Vol1 Commerce examination.
A consumer purchases a television for \(120{,}000\) ₦ with a 2‑year warranty covering defects. After \(18\) months the TV fails. The retailer offers two options:\n\n1. Repair the TV at a cost of \(15{,}000\) ₦ to the consumer, plus a restocking fee equal to \(10\%\) of the original purchase price.\n\n2. Return the TV for a cash refund. The refund amount is the original price minus straight‑line depreciation for the \(18\) months and minus a restocking fee of \(5\%\) of the depreciated value.\n\nWhich option gives the consumer the larger net cash amount (i.e., the higher amount received or the lower amount paid)? State the option and the net cash amount.
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About This Question
This is Gce Model Questions Vol1 2022 Commerce Question 12. It is one of the objective questions from the 2022 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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