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O-LevelCommerceFinance7100/11 · Oct/Nov 2024 · Q371 Mark

The table shows trading figures for a business. $| sales | 300 000 opening stock | 160 000 purchases less returns | 175 000 closing stock | 75 000 What is the cost of goods sold for this business?

This question uses a diagram from the original paper, which isn't shown here. Open the full paper from the past papers archive to see it.

A$225 000

B$235 000

C$260 000

D$335 000

✓ Correct answer

C: $260 000

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About this question

Topic: Finance, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, Oct/Nov 2024 Paper 1 Variant 1, question 37.

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