O-LevelCommerceRetail tradeMay/June 2016Paper 1 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?

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

The correct answer is C: $14000.

Q: What topic does this question test?

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

A$10000

B$13500

C$14000

D$14500

✓ Correct Answer

The correct answer is C: $14000

📋 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 Retail trade in O-Level Commerce (syllabus code 7100). It is worth 1 mark.

Source

This question appeared in the Cambridge O-Level Commerce May/June 2016 examination, Paper 1 Variant 2.

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