Gce Model Questions Vol1 2021 Commerce Question 40
Practice objective / multiple choice question 40 from the 2021 Gce Model Questions Vol1 Commerce examination.
An investor buys 500 shares at \(\text{₦}150\) each and later buys another 300 shares at \(\text{₦}165\) each. He then sells 400 shares at \(\text{₦}180\) each. Using the weighted‑average cost method, calculate the profit made on the sale and the overall return on investment (ROI) as a percentage of the total amount originally invested, rounded to two decimal places.
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About This Question
This is Gce Model Questions Vol1 2021 Commerce Question 40. It is one of the objective questions from the 2021 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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