Gce Model Questions Vol1 2023 Commerce Question 36

Practice objective / multiple choice question 36 from the 2023 Gce Model Questions Vol1 Commerce examination.

Gce Model Questions Vol1 2023 Commerce Objective / Multiple Choice Hard Difficulty
Question 36 GCE_MODEL_QUESTIONS_VOL1 • 2023 • COMMERCE • objective

A washing machine is advertised at \(\text{₦}120{,}000\) with a 10% discount and a 2‑year warranty. The consumer pays the discounted price and a delivery charge of \(\text{₦}5{,}000\). After finding a defect, the seller offers a full refund but deducts a restocking fee equal to 8% of the advertised price. Does the seller's deduction comply with the Consumer Protection Act, which caps restocking fees at 5% of the advertised price, and what is the net amount the consumer ultimately pays after the refund?

Answer Options

Correct Answer A. Net amount paid = \(\text{₦}9{,}600\); the fee does NOT comply with the Act.
B. Net amount paid = \(\text{₦}10{,}800\); the fee does NOT comply with the Act.
C. Net amount paid = \(\text{₦}8{,}400\); the fee does comply with the Act.
D. Net amount paid = \(\text{₦}9{,}600\); the fee does comply with the Act.
Correct Answer
A
Correct Option:
Net amount paid = \(\text{₦}9{,}600\); the fee does NOT comply with the Act.

About This Question

This is Gce Model Questions Vol1 2023 Commerce Question 36. It is one of the objective questions from the 2023 Gce Model Questions Vol1 Commerce examination.

Difficulty level: Hard .

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