Waec Model Questions Vol1 2022 Commerce Question 31
Practice objective / multiple choice question 31 from the 2022 Waec Model Questions Vol1 Commerce examination.
A consumer purchased a washing machine for ₦120,000 inclusive of a 5% sales tax. The machine comes with a 2‑year warranty that covers only repair costs. After 18 months the machine breaks down and a repair quote of ₦30,000 is given. Under the Consumer Protection Act the consumer may either have the machine repaired or claim a refund equal to the purchase price less depreciation, but the sales tax is non‑refundable. Depreciation is charged at a straight‑line rate of 20% per year. Should the consumer opt for a refund or for repair, and what amount will be received if a refund is chosen?
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About This Question
This is Waec Model Questions Vol1 2022 Commerce Question 31. It is one of the objective questions from the 2022 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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