Waec Model Questions Vol1 2020 Commerce Question 18
Practice objective / multiple choice question 18 from the 2020 Waec Model Questions Vol1 Commerce examination.
An investor buys shares of XYZ Ltd on three occasions during the year: - 1 Jan: 200 shares at ₦150 each; - 15 Mar: 150 shares at ₦165 each; - 30 Jun: 250 shares at ₦158 each. On 31 Dec the investor sells 400 shares at ₦170 each. Assuming the shares sold are taken from the earliest purchases (FIFO), and that a dividend of ₦2 per share is paid for every share held on 31 Dec (including the sold shares), determine: (a) the net profit (including dividend) for the year in naira, and (b) the profit expressed as a percentage of the total amount invested (rounded to two decimal places).
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About This Question
This is Waec Model Questions Vol1 2020 Commerce Question 18. It is one of the objective questions from the 2020 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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