O-LevelAccountingAnalysis and interpretationOct/Nov 2024Paper 1 Q331 Mark

Paul's gross margin increased from 16.5% in year 1 to 17.5% in year 2. What would explain the improvement in the gross margin?

Q: What topic does this question test?

This question tests Analysis and interpretation in O-Level Accounting (syllabus code 7707). It is worth 1 mark.

Aincreasing the quantity of goods sold

Bincreasing the selling price of the goods sold

Coffering trade discounts to customers buying in bulk

Dselling goods at a reduced price

✓ Correct Answer

The correct answer is A: increasing the quantity of goods sold

📋 Examiner Report & Trap Analysis

Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...

🎯 Mark Scheme Breakdown

Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.

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About This O-Level Accounting Question

Topic

This multiple-choice question tests Analysis and interpretation in O-Level Accounting (syllabus code 7707). It is worth 1 mark.

Source

This question appeared in the Cambridge O-Level Accounting Oct/Nov 2024 examination, Paper 1 Variant 3.

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