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O-LevelCommerceCredit7100/11 · Oct/Nov 2023 · Q91 Mark

A leaflet contains an advertisement for a cooker. Exclusive offer: Cooker! Cash price $1200 Hire purchase price – deposit $500 plus 10 monthly payments of $80 How much more would it cost to buy the cooker using hire purchase than paying for it by cash?

A$100

B$500

C$800

D$1300

✓ Correct answer

A: $100

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About this question

Topic: Credit, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, Oct/Nov 2023 Paper 1 Variant 1, question 9.

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