Neco 2023 Commerce Question 14
Practice objective / multiple choice question 14 from the 2023 Neco Commerce examination.
A consumer buys a washing machine for \(\text{₦}120,000\) with a 2‑year warranty that covers only parts. After 18 months the machine fails due to a defect. The consumer repairs it under warranty, paying \(\text{₦}8,000\) for parts (labour is not covered). He then decides to return the machine and claim a refund. Under consumer protection law, the refund amount equals the purchase price minus depreciation (based on a useful life of 5 years, proportionate to time used) and minus any repair costs already incurred. What refund is the consumer entitled to receive?
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About This Question
This is Neco 2023 Commerce Question 14. It is one of the objective questions from the 2023 Neco Commerce examination.
Difficulty level: Hard .
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