Gce Model Questions Vol1 2023 Commerce Question 4
Practice objective / multiple choice question 4 from the 2023 Gce Model Questions Vol1 Commerce examination.
A consumer buys a washing machine for \(\₦120{,}000\). After 18 months the machine fails. Under consumer‑protection law the consumer can choose one of three remedies:\n\n1. Repair at a cost of \(\₦8{,}000\).\n2. Replacement with a new model that costs 10% more than the original price.\n3. A refund of the purchase price minus a restocking fee of 5% of the original price.\n\nFor each option, state the net amount the consumer will have to pay (or receive) and identify which option is cheapest for the consumer.
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About This Question
This is Gce Model Questions Vol1 2023 Commerce Question 4. It is one of the objective questions from the 2023 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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