Gce Model Questions Vol1 2025 Commerce Question 29
Practice objective / multiple choice question 29 from the 2025 Gce Model Questions Vol1 Commerce examination.
A consumer purchases a washing machine for ₦120,000 with a 2‑year manufacturer's warranty that covers repair costs. After 18 months the machine fails, and the authorized service centre quotes a repair cost of ₦30,000. Under consumer protection law, the seller may either repair the machine at no cost to the consumer or provide a replacement of equal value minus depreciation. Depreciation is calculated at a straight‑line rate of 15% per year of the original price. Determine the amount the seller should pay (either the repair cost or the depreciated replacement value) and state which option is cheaper for the seller.
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About This Question
This is Gce Model Questions Vol1 2025 Commerce Question 29. It is one of the objective questions from the 2025 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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