Neco Model Questions Vol1 2021 Commerce Question 3
Practice objective / multiple choice question 3 from the 2021 Neco Model Questions Vol1 Commerce examination.
A consumer buys a washing machine for \(\text{₦}96,000\) and pays a non‑refundable delivery fee of \(\text{₦}4,800\). The seller provides a 2‑year warranty that covers defects but not normal wear and tear. After 18 months the consumer discovers a defect covered by the warranty and returns the machine. The seller agrees to replace it with a new unit but will deduct a depreciation charge for the 18 months of use, calculated at 15\% of the original price per year, prorated for the months used. How much must the consumer pay to obtain the replacement unit?
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About This Question
This is Neco Model Questions Vol1 2021 Commerce Question 3. It is one of the objective questions from the 2021 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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