Chen operates a wholesale business in Singapore. His gross profit for the year was $125,000 and his expenses totalled $78,500. During the year, he received $3,200 in rent from subletting part of his warehouse.

What was Chen's profit for the year?

Q: How do I try a free CIE Accounting question?

Just tap any of the four options on this page — no signup, no card, nothing to install. You'll see the correct answer and a full mark-scheme-style explanation within a second. Each visit shows a fresh randomly-picked question from the live CIE IGCSE Accounting bank, so you can keep refreshing to try different ones before deciding whether to create a free account for daily access.

Q: Is Kramizo really free for CIE Accounting students?

Yes — completely free. Every student gets 45 questions a day on the free plan, across any board and any subject, with no card required and no trial countdown. Kramizo's optional Pro plan removes the daily cap and adds analytics, but the free plan is genuinely free forever. We make money from the small percentage of students who choose to upgrade — not from selling data or ads.

Q: Are the Accounting questions aligned to the CIE IGCSE syllabus?

Every question is written against the published CIE IGCSE Accounting syllabus and reviewed for accuracy before being added to the bank. We match the command words (state, describe, explain, evaluate), mark allocations, and difficulty tier you'll see on real CIE past papers. Explanations are written in the style of official examiner mark schemes so students learn exactly what marks are being awarded for.

Question

Chen operates a wholesale business in Singapore. His gross profit for the year was $125,000 and his expenses totalled $78,500. During the year, he received $3,200 in rent from subletting part of his warehouse.

What was Chen's profit for the year?

Accepted Answer

$49,700 — Award 1 mark for correct calculation: Gross profit ($125,000) + Other income ($3,200) − Expenses ($78,500) = $49,700. A is incorrect — this ignores the rent received. B is incorrect — this deducts rent received instead of adding it. D is incorrect — this adds all figures together.

Answer

$206,700

Answer

$43,300

Answer

$46,500

Answer

$49,700

One real Accounting question.No signup. 30 seconds.

One real Accounting question.
No signup. 30 seconds.