Waec Model Questions Vol1 2023 Commerce Question 45
Practice objective / multiple choice question 45 from the 2023 Waec Model Questions Vol1 Commerce examination.
An investor buys 500 shares of Company Y at ₦2,350 per share, paying a broker's commission of 0.75% on the purchase. After one quarter the share price falls by 12% and the investor sells half of the shares, again paying 0.75% commission on the sale. The remaining shares are held for another quarter during which the price rises by 18% from the price at which they were bought. The investor then sells the remaining shares, paying the same commission rate. Assuming no other costs, what is the investor's overall profit or loss in Naira?
Answer Options
About This Question
This is Waec Model Questions Vol1 2023 Commerce Question 45. It is one of the objective questions from the 2023 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.