Neco Model Questions Vol1 2020 Commerce Question 27
Practice objective / multiple choice question 27 from the 2020 Neco Model Questions Vol1 Commerce examination.
An investor purchases 200 shares of Company X at \(\text{₦}1,200\) each, paying a brokerage commission of \(1.5\%\) on the purchase amount. Later he buys another 150 shares at \(\text{₦}1,350\) each, with the same commission rate. He then sells 250 shares at \(\text{₦}1,500\) each, paying a selling commission of \(2\%\) on the sale amount. What is his net profit (in Naira) from these transactions?
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About This Question
This is Neco Model Questions Vol1 2020 Commerce Question 27. It is one of the objective questions from the 2020 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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