Waec Model Questions Vol1 2021 Commerce Question 38
Practice objective / multiple choice question 38 from the 2021 Waec Model Questions Vol1 Commerce examination.
An investor makes two purchases of shares of XYZ Ltd. He buys 500 shares at ₦1,200 each and 300 shares at ₦1,350 each. A brokerage commission of 0.5 % of the transaction value is charged on each purchase and on each sale. Later he sells 600 shares at ₦1,500 each. Capital gains tax of 10 % is levied on the profit before tax. Calculate the investor's net profit (in naira) from these transactions, rounded to two decimal places.
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About This Question
This is Waec Model Questions Vol1 2021 Commerce Question 38. It is one of the objective questions from the 2021 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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