Gce Model Questions Vol1 2024 Commerce Question 22
Practice objective / multiple choice question 22 from the 2024 Gce Model Questions Vol1 Commerce examination.
An investor purchases shares of XYZ Ltd. as follows: • Day 1: 1,200 shares at ₦45 each, commission 0.5 % of the transaction value. • Day 2: 800 shares at ₦48 each, commission 0.5 % of the transaction value. Later the investor sells 1,500 shares at ₦52 each, paying a commission of 0.5 % of the sale value and a securities transaction tax (STT) of 0.1 % of the sale value. Calculate the investor's overall profit (or loss) on the shares sold, rounded to the nearest naira.
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About This Question
This is Gce Model Questions Vol1 2024 Commerce Question 22. It is one of the objective questions from the 2024 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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