Waec Model Questions Vol1 2022 Commerce Question 42
Practice objective / multiple choice question 42 from the 2022 Waec Model Questions Vol1 Commerce examination.
An investor buys 800 shares of XYZ Ltd at ₦1,200 each on 1 January, paying a brokerage fee of 0.5% of the purchase amount. On 1 March he buys another 500 shares at ₦1,350 each, with the same brokerage rate. On 30 June he sells 600 shares at ₦1,500 each, paying the same brokerage fee and a capital‑gains tax of 10% on the profit realised from this sale. He wishes to sell the remaining 700 shares later in the year and achieve an overall net profit of ₦150,000 after accounting for all brokerage fees and the capital‑gains tax on the final sale (same rates). What minimum selling price per share must he obtain for the remaining shares?
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About This Question
This is Waec Model Questions Vol1 2022 Commerce Question 42. It is one of the objective questions from the 2022 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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