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Economic & Management Sciences 9 - 2025

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If the cost price of an item is R250, and its mark-up is 25%, what is the selling price in Rands? (type only the answer into the space provided)

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If the cost price of an item is R750, and its mark-up is 33,3%, what is the selling price in Rands? (type only the answer into the space provided)

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Why would a shop need your address and contact details as part of your credit application?

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A[n] _______ is an instruction to your bank to allow a shop that you have taken credit with to receive a payment amount from your bank account each month.

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Why would a shop need your bank statements as part of your credit application?

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The following information is required by a shop when a customer wants to open an account with them:

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If a customer buys from a shop using an FNB credit card, the customer now has a debt with:

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A business views a customer who buys on credit (i.e. a debtor) as a[n]:

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The disadvantages to a business of selling goods on credit include:

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The disadvantages to a customer of being able to buy on credit include:

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