A-LevelAccountingCost and Management AccountingMay/June 2019Paper 1 Q181 Mark
A trader wishes to set a selling price. How does he use a mark-up?
Aby adding a percentage to the cost
Bby adding a percentage to the selling price
Cby deducting a percentage from the cost
Dby deducting a percentage from the selling price
✓ Correct Answer
The correct answer is A. This question tests the candidate's understanding of cost and management accounting within the Accountingsyllabus. The examiner's mark scheme requires...
📋 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...
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