O-LevelCommerceRetail trade7100/11 · Oct/Nov 2019 · Q371 Mark

A retailer buys shirts for $80 and sells them with a profit of 40%. He then has a sales promotion week when he sells the shirts at cost plus $4. How many more shirts must he sell in the promotion week to make the promotion profitable?

B28

C32

D112

✓ Correct answer

A: 8

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Topic: Retail trade, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, Oct/Nov 2019 Paper 1 Variant 1, question 37.

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