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O-LevelCommerceCredit7100/11 · Oct/Nov 2020 · Q121 Mark

Cash discount offered to customers means that they pay less than the full amount if

Agoods are purchased by cash.

Bgoods are purchased by cheque.

Cpayment is made after interest is given.

Dpayment is made in the agreed time period.

✓ Correct answer

D: payment is made in the agreed time period.

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About this question

Topic: Credit, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, Oct/Nov 2020 Paper 1 Variant 1, question 12.

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