Gce Model Questions Vol1 2023 Commerce Question 16

A trader engages in the following transactions on the stock exchange during a year. - Company A: buys \(500\) shares at \(\text{₦}120\) each, later buys \(300\) shares at \(\text{₦}130\) each, and sells \(400\) shares at \(\text{₦}150\) each. - Company B: buys \(200\) shares at \(\text{₦}80\) each, later buys \(100\) shares at \(\text{₦}85\) each, and sells \(150\) shares at \(\text{₦}95\) each. Using the average‑cost method for each company, calculate the trader's overall profit (or loss) for the year and express it as a percentage return on the total amount invested. During the same period the main stock index rose by \(12\%\). Did the trader's portfolio outperform the index? Answer "Yes, outperformed by X %" or "No, underperformed by Y %" (rounded to one decimal place).