Neco Model Questions Vol1 2018 Commerce Question 33
Practice objective / multiple choice question 33 from the 2018 Neco Model Questions Vol1 Commerce examination.
A consumer bought a television for \(₦120{,}000\) with a one‑year warranty. After 8 months the TV stopped working. The consumer gave the seller a 30‑day notice to repair or replace the TV. The seller failed to act, and the matter was finally settled 4 months after the notice. Under the Consumer Protection Act, the consumer is entitled to a full refund of the purchase price plus simple interest at 12% per annum for the period from the date of purchase to the date of settlement. What is the total amount the consumer should receive?
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About This Question
This is Neco Model Questions Vol1 2018 Commerce Question 33. It is one of the objective questions from the 2018 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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