Neco Model Questions Vol1 2025 Commerce Question 46
Practice objective / multiple choice question 46 from the 2025 Neco Model Questions Vol1 Commerce examination.
A trader buys 150 shares of Company A at ₦2,350 each and 200 shares of Company B at ₦1,780 each. The broker charges a commission of (0.5\%\) on the total value of each purchase. Later the trader sells all the shares of Company A at ₦2,600 each and all the shares of Company B at ₦1,650 each, paying the same (0.5\%\) commission on each sale. A capital‑gains tax of (10\%\) is applied on the profit of each company after deducting the relevant commission. Assuming no tax is payable on a loss, calculate the trader's overall net profit (in naira).
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About This Question
This is Neco Model Questions Vol1 2025 Commerce Question 46. It is one of the objective questions from the 2025 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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