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O-LevelCommerceFinance7100/11 · Oct/Nov 2017 · Q151 Mark

On 5 November, a sports equipment shop bought sportswear valued at $10000 and received 20% trade discount and 5% 30 days cash discount. If payment was made in full on 3 December, how much was paid?

A$2400

B$7500

C$7600

D$8000

✓ Correct answer

C: $7600

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About this question

Topic: Finance, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, Oct/Nov 2017 Paper 1 Variant 1, question 15.

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