Neco 2025 Commerce Question 18
Practice objective / multiple choice question 18 from the 2025 Neco Commerce examination.
A consumer buys a refrigerator advertised to consume \(150\) kWh per year, paying \(\text{₦}120{,}000\). The warranty lasts 3 years. After one year the actual consumption is measured at \(210\) kWh per year. Electricity costs \(\text{₦}45\) per kWh. Under the Consumer Protection Act, the consumer may claim compensation equal to the excess electricity cost incurred due to the misrepresentation, plus simple interest at \(10\%\) per annum on the compensation amount, calculated from the date of purchase to the end of the warranty period. Determine the total compensation payable at the end of the warranty.
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About This Question
This is Neco 2025 Commerce Question 18. It is one of the objective questions from the 2025 Neco Commerce examination.
Difficulty level: Hard .
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