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O-LevelCommerceCredit7100/12 · May/June 2024 · Q91 Mark

Baljinder buys a smartphone using a credit sales agreement. The cash price is $400. She pays $100 deposit. 10% interest is charged on the remaining balance which she pays in instalments. What is the total credit sales price?

A$330

B$400

C$430

D$500

✓ Correct answer

C: $430

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About this question

Topic: Credit, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, May/June 2024 Paper 1 Variant 2, question 9.

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