O-LevelCommerceFinanceMay/June 2023Paper 1 Q111 Mark

On 2 November 2022, a sports retailer purchased sports clothing for $800 from a manufacturer on the following credit terms. trade discount 25%, cash discount 5% 30 days. If payment was made in full on 27 November 2022, how much was paid?

Q: What topic does this question test?

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

A$200

B$570

C$600

D$760

✓ Correct Answer

The correct answer is B: $570

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

Source

This question appeared in the Cambridge O-Level Commerce May/June 2023 examination, Paper 1 Variant 2.

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