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O-LevelCommerceCredit7100/12 · May/June 2017 · Q91 Mark

Shanshan wishes to buy a bedroom suite that is on offer for $1800. If she pays cash, a discount of 20% will be given. If she buys on hire purchase terms, a 5% deposit is required plus 10 equal instalments of $200. How much more will Shanshan pay if she buys on hire purchase rather than paying cash?

A$290

B$650

C$1440

D$2090

✓ Correct answer

B: $650

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About this question

Topic: Credit, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, May/June 2017 Paper 1 Variant 2, question 9.

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