Neco 2021 Commerce Question 42
Practice objective / multiple choice question 42 from the 2021 Neco Commerce examination.
An investor buys 200 shares of Company X at \(\text{₦}1,200\) each. Later he buys another 150 shares at a price 8\% higher than the first purchase price. He then sells 250 shares at a price that is 12\% above the average purchase price per share (including brokerage). A brokerage commission of 0.5\% is charged on each purchase and on the sale (based on the transaction value). Determine the net profit (or loss) the investor makes from these transactions, in naira.
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About This Question
This is Neco 2021 Commerce Question 42. It is one of the objective questions from the 2021 Neco Commerce examination.
Difficulty level: Hard .
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