O-LevelAccountingPreparation of financial statements7707/11 · May/June 2025 · Q301 Mark

A trader provided the following information. [Table with data: 'revenue $120000', 'inventory at the start of the year $9600', 'inventory at the end of the year $10200']. A mark-up of 25% is applied. What were the purchases for the year?

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A$89400

B$90 600

C$95400

D$96 600

✓ Correct answer

D: $96 600

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Topic: Preparation of financial statements, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2025 Paper 1 Variant 1, question 30.

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A trader provided the following information. [Table with data: 'revenue $120000', 'inventory at the start of the year $9600', 'inventory at the end of the year $10200']. A mark-up of 25% is applied. What were the purchases for the year?

✓ Correct answer

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