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O-LevelCommerceFinance7100/12 · Oct/Nov 2016 · Q391 Mark

A simplified trading, profit and loss account comparing two years is shown below. [Figure 39.1] 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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About this question

Topic: Finance, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, Oct/Nov 2016 Paper 1 Variant 2, question 39.

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