Waec Model Questions Vol1 2020 Commerce Question 2
Practice objective / multiple choice question 2 from the 2020 Waec Model Questions Vol1 Commerce examination.
An investor bought 200 shares of Company X at ₦1,200 each. He later bought another 150 shares at a price 8% higher than the first purchase price. He then sold 180 shares at a price that is 12% above the average cost price of all shares he owned before the sale. Brokerage fee is 0.5% of the transaction value for each purchase and for the sale, and a capital gains tax of 10% is charged on the profit from the sale after deducting brokerage. Calculate the net profit (or loss) the investor realised from the sale, rounded to the nearest Naira.
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About This Question
This is Waec Model Questions Vol1 2020 Commerce Question 2. It is one of the objective questions from the 2020 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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