◈ Oracle Prep Sign Up Free

O-LevelCommerceFinance7100/12 · Oct/Nov 2019 · Q141 Mark

Mrs Nawaz sold a laptop in her shop for $450. She has a mark-up of 20% on all sales. What price did Mrs Nawaz purchase the laptop for?

A$90

B$360

C$375

D$430

✓ Correct answer

C: $375

Practise more questions on this topic

Oracle Prep sorts past-paper questions by topic, so you can drill Finance and see which topics are most likely to come up next.

Sign up free →

About this question

Topic: Finance, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, Oct/Nov 2019 Paper 1 Variant 2, question 14.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content

Related Commerce questions

FinanceMay/June 20161m

Mr Futkov sells cameras. He bought a camera for $165 and sold it for $231. What is his percentage mark-up?

FinanceMay/June 20161m

A company sells its debts to a third party for immediate cash. What is this method of raising finance called?

FinanceMay/June 20171m

A computer retailer bought a computer for $200 and sold it to a customer for $300. What is the percentage mark-up?

ProductionMay/June 20121m

People have a number of basic needs. What do these needs include?

ProductionMay/June 20121m

Which production process makes trade between countries necessary?

BankingMay/June 20121m

Which aid to trade would be most useful to a sole trader who lacks capital?

← Browse all past-paper questions