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O-LevelCommerceCredit7100/12 · May/June 2016 · Q91 Mark

Susan buys a jacket using a credit sales agreement. The cash price is $290. Susan pays $50 deposit and the rest of the debt, on which 10% interest is charged, in 12 equal monthly instalments. What will be the total credit sales price?

A$266

B$290

C$314

D$340

✓ Correct answer

C: $314

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About this question

Topic: Credit, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, May/June 2016 Paper 1 Variant 2, question 9.

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