O-LevelCommerceFinanceOct/Nov 2017Paper 1 Q151 Mark
The following figures are an extract from a statement of account dated 31 March. It has been received by WW Computers from one of its suppliers. [Table showing: balance due $20000, cash discount 5%: 14 days, trade discount 20%] If WW Computers settles the account on 20 April, how much would the company pay?
A$16000
B$19000
C$20000
D$25000
✓ Correct Answer
The correct answer is A. This question tests the candidate's understanding of finance within the Commercesyllabus. The examiner's mark scheme requires...
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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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