Waec Model Questions Vol1 2018 Commerce Question 38
Practice objective / multiple choice question 38 from the 2018 Waec Model Questions Vol1 Commerce examination.
An investor buys shares of XYZ Ltd on three occasions: 100 shares at N45 each, 150 shares at N48 each and 200 shares at N46 each. A brokerage commission of 2% of the transaction value is charged on every purchase and on every sale. He later sells 250 shares at N50 each. Assuming the FIFO (first‑in‑first‑out) method for determining the cost of the sold shares, what is his net profit after all commissions?
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About This Question
This is Waec Model Questions Vol1 2018 Commerce Question 38. It is one of the objective questions from the 2018 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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