Waec Model Questions Vol1 2017 Commerce Question 42
Practice objective / multiple choice question 42 from the 2017 Waec Model Questions Vol1 Commerce examination.
An investor purchases shares of XYZ Ltd as follows: 100 shares at ₦250 each, 150 shares at ₦260 each, and 200 shares at ₦255 each. A brokerage commission of 0.5% of the transaction value is charged on every purchase. Later the investor sells some of the shares at ₦270 each, paying a 0.5% commission on the sale and a capital‑gains tax of 10% on the profit earned on the sold shares. If the net cash received from the sale is at least ₦71,000, what is the minimum number of shares that must be sold?
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About This Question
This is Waec Model Questions Vol1 2017 Commerce Question 42. It is one of the objective questions from the 2017 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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