Neco 2017 Commerce Question 43
Practice objective / multiple choice question 43 from the 2017 Neco Commerce examination.
An investor buys \(200\) shares of Company X at \(\text{₦}1{,}200\) each, paying a brokerage fee of 0.5% of the transaction value. Later she sells \(120\) shares at \(\text{₦}1{,}500\) each, again paying a 0.5% brokerage fee, and a capital gains tax of 10% on the profit earned from these shares. What is the net profit (in Naira) after all fees and tax for the shares sold?
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About This Question
This is Neco 2017 Commerce Question 43. It is one of the objective questions from the 2017 Neco Commerce examination.
Difficulty level: Hard .
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