Gce Model Questions Vol1 2024 Commerce Question 50

A consumer bought a washing machine advertised as "energy‑efficient, consuming only 0.8 kWh per cycle" for \(\text{₦}150\,000\). The actual consumption is 1.5 kWh per cycle. The consumer uses the machine for 300 cycles each year and discovers the discrepancy after 2 years. The electricity tariff is \(\text{₦}45\) per kWh. An alternative model with the advertised consumption costs \(\text{₦}120\,000\). Under the Consumer Protection Act the consumer may claim: (i) a refund of the price difference, (ii) compensation for the extra electricity cost incurred, and (iii) simple interest on the refund at 8 % per annum from the purchase date (1 Jan 2024). Calculate the total compensation the consumer is entitled to as of 1 Jan 2026, rounded to the nearest Naira.