O-LevelCommerceCreditOct/Nov 2023Paper 1 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
The correct answer is A. This question tests the candidate's understanding of credit 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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