Waec Model Questions Vol1 2023 Commerce Question 31
Practice objective / multiple choice question 31 from the 2023 Waec Model Questions Vol1 Commerce examination.
An investor bought shares of Company A and Company B on the Nigerian Stock Exchange. He purchased 200 shares of Company A at ₦150 each and later bought another 100 shares of the same company at ₦170 each. He also bought 150 shares of Company B at ₦200 each. He sold 150 shares (any mix) at ₦190 each. A commission of 2% is charged on every purchase and 1.5% on every sale. After the sale, the remaining shares earned a dividend of ₦5 per share. Calculate the overall profit percent (loss expressed as a negative percent) based on the total cost including all commissions.
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About This Question
This is Waec Model Questions Vol1 2023 Commerce Question 31. It is one of the objective questions from the 2023 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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