Gce Model Questions Vol1 2024 Commerce Question 38
Practice objective / multiple choice question 38 from the 2024 Gce Model Questions Vol1 Commerce examination.
A consumer buys a washing machine for \(\text{₦}120,000\). The machine comes with a 2‑year guarantee that covers only repair costs. After 18 months the machine fails completely. The seller offers to replace it with a new model costing \(\text{₦}150,000\), but the consumer prefers a cash refund. Under the Consumer Protection Act, the consumer is entitled to a refund of the purchase price less depreciation (straight‑line method over an expected useful life of 8 years) plus an inconvenience allowance of \(\text{₦}10,000\). Calculate the total amount the consumer should receive.
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About This Question
This is Gce Model Questions Vol1 2024 Commerce Question 38. It is one of the objective questions from the 2024 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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