Gce Model Questions Vol1 2022 Commerce Question 5
Practice objective / multiple choice question 5 from the 2022 Gce Model Questions Vol1 Commerce examination.
An investor buys 200 shares of a company at \(\text{₦}1,250\) per share. The broker charges a commission of 0.5\% of the transaction value on both the purchase and the sale. The investor wishes to make an overall profit of 8\% on the total amount invested (including the purchase commission). At what price per share must the investor sell the shares to achieve this target?
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About This Question
This is Gce Model Questions Vol1 2022 Commerce Question 5. It is one of the objective questions from the 2022 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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