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O-LevelCommerceCredit7100/12 · Oct/Nov 2020 · Q91 Mark

The cash price for a motorcycle is $1500. The credit price is 5% deposit of cash price plus 10 instalments of $170. How much does the credit purchase cost?

A$170

B$1425

C$1700

D$1775

✓ Correct answer

D: $1775

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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 2, question 9.

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