Neco Model Questions Vol1 2022 Commerce Question 34
Practice objective / multiple choice question 34 from the 2022 Neco Model Questions Vol1 Commerce examination.
A consumer bought a washing machine advertised at a marked price of N120,000 with a 20 % discount, paying N96,000. After two years the machine fails. The seller offers (i) a repair costing N8,000, (ii) a 10 % discount on a new machine of the same model (marked price unchanged), or (iii) a full refund of the amount paid. Assuming the consumer wants to minimise total out‑of‑pocket expense for the remaining three years of the original five‑year warranty, which option should the consumer choose and what will be the total amount spent by the end of the five‑year period?
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About This Question
This is Neco Model Questions Vol1 2022 Commerce Question 34. It is one of the objective questions from the 2022 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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