Waec Model Questions Vol1 2023 Commerce Question 27
Practice objective / multiple choice question 27 from the 2023 Waec Model Questions Vol1 Commerce examination.
A consumer bought a refrigerator for ₦150,000 with a 2‑year warranty covering repair costs. After 9 months the refrigerator failed. The retailer offers a replacement, but the consumer prefers a cash refund. Under the Consumer Protection Act, the refund equals the purchase price minus straight‑line depreciation at 20% per year, less a non‑refundable delivery charge of ₦8,000, less a restocking fee of 2% of the purchase price (applicable within the warranty period), and plus a statutory compensation of ₦5,000 for inconvenience. What amount should the consumer receive as a cash refund?
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About This Question
This is Waec Model Questions Vol1 2023 Commerce Question 27. It is one of the objective questions from the 2023 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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