Pro-rated usage calculation examples

This table has example scenarios with different products to illustrate the pro-rated usage value and reimbursement.

Product: iBELL Angle Grinder IBL AG10-92

Warranty: 6 months

Example scenario:

·         A non-repairable issue happens for the product after 3 months from purchase.

·         Invoice price for the product was Rs 2500/-

 

Pro-rated usage value = (3/6) x 2500 = Rs 1250/-

Reimbursement Amount deducting prorated usage value = 2500 – 1250 = Rs 1250/-

 

Product: iBELL Inverter ARC Welding Machine (IGBT) 200A

Warranty:  24 months

Example scenario:

·         A non-repairable issue happens for the product after 10 months from purchase.

·         Invoice price for the product was Rs 9800/-

 

Pro-rated usage value = (10/24) x 9800 = Rs 4083/-

Reimbursement Amount deducting prorated usage value = 9800 – 4083 = Rs 5717/-

 

Product: iBELL BM18-60 20V Brushless Impact Driver Drill

Warranty:  18 months

Example scenario:

·         A non-repairable issue happens for the product after 12 months from purchase.

·         Invoice price for the product was Rs 9600/-

 

Pro-rated usage value = (12/18) x 9600 = Rs 6400/-

Reimbursement Amount deducting prorated usage value = 9600 – 6400 = Rs 3200/-

 

Product: iBELL Inverter ARC Welding Machine (IGBT) 250A

Warranty:  12 months

Example scenario:

·         A non-repairable issue happens for the product after 9 months from purchase.

·         Invoice price for the product was Rs 12300/-

 

Pro-rated usage value = (9/12) x 12300 = Rs 9225/-

Reimbursement Amount deducting prorated usage value = 12300 – 9225 = Rs 3075/-