Neco 2019 Commerce Question 16
Practice objective / multiple choice question 16 from the 2019 Neco Commerce examination.
An investor buys \(200\) shares of a company at a market price of \(\)₦150 per share. A brokerage charges a flat fee of ₦500 plus \(0.5\%\) of the transaction value for each purchase or sale. After two weeks the share price rises by \(12\%\), and the investor sells half of his shares. The remaining shares then fall by \(8\%\) over the next week. Determine the investor's net profit (or loss) after all transactions, including all brokerage fees.
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About This Question
This is Neco 2019 Commerce Question 16. It is one of the objective questions from the 2019 Neco Commerce examination.
Difficulty level: Hard .
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