Gce Model Questions Vol1 2020 Commerce Question 48
Practice objective / multiple choice question 48 from the 2020 Gce Model Questions Vol1 Commerce examination.
An investor purchases 200 shares at \(\text{₦}150\) each, paying a brokerage commission of \(0.5\%\) of the purchase value. Later he buys another 300 shares at \(\text{₦}165\) each, with a commission of \(0.4\%\). He intends to sell all 500 shares in a single transaction, incurring a selling commission of \(0.6\%\) and a securities transaction tax (STT) of \(0.1\%\) on the sale value. He wishes to realise a net profit of \(\text{₦}12{,}000\) after all costs. What minimum selling price per share, in naira, must he set (rounded to the nearest naira)?
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About This Question
This is Gce Model Questions Vol1 2020 Commerce Question 48. It is one of the objective questions from the 2020 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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