Neco 2020 Commerce Question 25
Practice objective / multiple choice question 25 from the 2020 Neco Commerce examination.
A consumer purchases a washing machine for \(\mathrm{₦}150{,}000\). The manufacturer provides a 2‑year warranty covering any mechanical failure. The machine depreciates linearly to zero over 10 years. After 18 months the machine fails due to a defect covered by the warranty. The warranty states that the refund shall be the lesser of (i) the purchase price and (ii) the depreciated value at the time of failure plus a 10\% compensation for inconvenience. How much refund does the consumer receive?
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About This Question
This is Neco 2020 Commerce Question 25. It is one of the objective questions from the 2020 Neco Commerce examination.
Difficulty level: Hard .
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