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O-LevelCommerceCredit7100/11 · Oct/Nov 2018 · Q71 Mark

The cash price of a washing machine is $260. The credit price is a deposit of 15% of the cash price and 12 monthly instalments of $25 each. What is the difference between the cash price and the credit price?

A$39

B$79

C$300

D$339

✓ Correct answer

B: $79

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About this question

Topic: Credit, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, Oct/Nov 2018 Paper 1 Variant 1, question 7.

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