Waec Model Questions Vol1 2024 Commerce Question 49
Practice objective / multiple choice question 49 from the 2024 Waec Model Questions Vol1 Commerce examination.
A consumer bought a television advertised as having a "2‑year warranty" for ₦120,000. The fine print limited the warranty to manufacturing defects only and excluded damage from power surges. After 18 months a power surge destroyed the TV. Under the Consumer Protection Act, a false or misleading warranty statement entitles the consumer to a refund of the purchase price plus a penalty of 20% of the purchase price. The court also awards simple interest at 10% p.a. on the total award for the 18‑month period. Determine the total amount the consumer will receive.
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About This Question
This is Waec Model Questions Vol1 2024 Commerce Question 49. It is one of the objective questions from the 2024 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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