O-LevelCommerceInsuranceOct/Nov 2025Paper 1 Q281 Mark
An insurance company has 100000 customers with contents insurance. Based on past records, it is estimated that 15% of customers will make a claim. This costs the company approximately $3000 000 each year. How many claims will the insurance company receive?
A15
B15000
C85000
D450 000
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of insurance 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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