O-LevelCommerceFinanceOct/Nov 2024Paper 1 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?

Q: What is the correct answer to this O-Level Commerce question?

The correct answer is C: $260 000.

Q: What topic does this question test?

This question tests Finance in O-Level Commerce (syllabus code 7100). It is worth 1 mark.

A$225 000

B$235 000

C$260 000

D$335 000

✓ Correct Answer

The correct answer is C: $260 000

📋 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...

🎯 Mark Scheme Breakdown

Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.

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About This O-Level Commerce Question

Topic

This multiple-choice question tests Finance in O-Level Commerce (syllabus code 7100). It is worth 1 mark.

Source

This question appeared in the Cambridge O-Level Commerce Oct/Nov 2024 examination, Paper 1 Variant 1.

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