Neco Model Questions Vol1 2025 Commerce Question 15

An investor buys shares of three companies on the stock exchange as follows:\n- Company A: 150 shares at \(\text{₦}2,350\) each, brokerage commission 0.5% of the transaction value.\n- Company B: 200 shares at \(\text{₦}1,780\) each, commission 0.4%.\n- Company C: 120 shares at \(\text{₦}3,120\) each, commission 0.6%.\nLater the investor sells all shares at these market prices:\n- Company A: \(\text{₦}2,560\) per share.\n- Company B: \(\text{₦}1,650\) per share.\n- Company C: \(\text{₦}3,300\) per share.\nA securities transaction tax (STT) of 0.15% is levied on the total sale value. After that, a capital gains tax of 10% is applied to the net profit (sale proceeds after STT minus total purchase cost including commissions). What is the investor's net profit after all taxes and commissions, rounded to the nearest naira?