O-LevelCommerceFinanceOct/Nov 2021Paper 1 Q141 Mark
A retailer received an invoice for $1200 with cash discount of 2.5% 30 days. Why did the retailer choose to pay after 40 days?
AShe made a mistake calculating the invoice.
BShe did not have enough money to pay the invoice within 30 days.
CShe did not know she was entitled to cash discount.
DShe had not sold all the goods listed on the invoice within 30 days.
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of finance within the Commercesyllabus. The examiner's mark scheme requires...
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
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