Waec Model Questions Vol1 2021 Commerce Question 40
Practice objective / multiple choice question 40 from the 2021 Waec Model Questions Vol1 Commerce examination.
A consumer buys a television for ₦300,000 with a two‑year warranty. The TV depreciates at 15 % per year. After 18 months the TV develops a fault. The seller offers either (i) a repair costing ₦30,000, or (ii) a replacement of the same model at a 5 % discount on the original price. Under consumer‑protection law the consumer may also claim a refund of the TV's current depreciated value if he chooses replacement. Which option gives the consumer the lower net cash outlay, and what is that outlay (in naira)?
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About This Question
This is Waec Model Questions Vol1 2021 Commerce Question 40. It is one of the objective questions from the 2021 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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