O-LevelCommerceWholesale trade7100/12 · May/June 2016 · Q151 Mark

Below is part of an invoice sent to a retailer by a wholesaler. INVOICE 100 pairs ladies shoes at $30 per pair $3000 500 pairs socks at $2 per pair $1000 Less 20% Trade Discount $800 Total $3200 Cash Discount 2% if paid within 30 days $64 What is the largest payment the retailer will have to make when paying this invoice?

A$800

B$3136

C$3200

D$4000

✓ Correct answer

C: $3200

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Topic: Wholesale trade, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, May/June 2016 Paper 1 Variant 2, question 15.

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