Waec Model Questions Vol1 2018 Commerce Question 2
Practice objective / multiple choice question 2 from the 2018 Waec Model Questions Vol1 Commerce examination.
An investor buys 200 shares of Company X at ₦150 each, paying a brokerage fee of 0.25 % of the transaction value. He later buys another 150 shares at ₦165 each, again paying the same brokerage fee. After a month the market price rises to ₦180 per share and he sells all his shares, paying the same brokerage fee on the sale. What is his overall percentage profit on the total amount he initially invested (including all brokerage fees)? Give the answer to two decimal places.
Answer Options
About This Question
This is Waec Model Questions Vol1 2018 Commerce Question 2. It is one of the objective questions from the 2018 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.