O-LevelCommerceFinance7100/11 · Oct/Nov 2016 · Q391 Mark
A simplified trading, profit and loss account comparing two years is shown below. What caused net profit to decrease between Year 1 and Year 2?
This question uses a diagram from the original paper, which isn't shown here. Open the full paper from the past papers archive to see it.
Adecrease in cost of goods sold
Bdecrease in selling price
Cincrease in expenses
Dincrease in selling price
✓ Correct answer
C: increase in expenses
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