O-LevelCommerceRetail trade7100/12 · May/June 2016 · Q391 Mark

During a month a retailer buys 1000 articles for $10 each and sells them all with a mark-up of 40%. His expenses total $500. What is his sales turnover for the month?

A$10000

B$13500

C$14000

D$14500

✓ Correct answer

C: $14000

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Topic: Retail trade, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, May/June 2016 Paper 1 Variant 2, question 39.

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