O-LevelCommerceFinanceMay/June 2023Paper 1 Q361 Mark
Which commercial term is correctly matched to its formula?
Acost of goods sold sales turnover – gross profit
Bprofit for the year sales revenue – purchases
Crate of inventory value of sales ÷ average stock at cost price
Dworking capital current assets + current liabilities
✓ Correct Answer
The correct answer is A. This question tests the candidate's understanding of finance within the Commercesyllabus. The examiner's mark scheme requires...
📋 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...
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