Waec Model Questions Vol1 2018 Commerce Question 29
Practice objective / multiple choice question 29 from the 2018 Waec Model Questions Vol1 Commerce examination.
An investor buys 100 shares of XYZ at ₦500 each, paying a 2% brokerage commission on the purchase value. Later he buys another 150 shares at ₦560 each, also paying a 2% commission. He then sells 180 shares at ₦620 each, paying a 2% selling commission and a 10% capital‑gains tax on the profit from the sold shares. What is the net cash received from the sale after deducting commission and tax?
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About This Question
This is Waec Model Questions Vol1 2018 Commerce Question 29. It is one of the objective questions from the 2018 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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