Waec Model Questions Vol1 2024 Commerce Question 41

An investor trades shares of Company A on the stock exchange as follows: 1. Buys 200 shares at ₦150 each, paying a commission of 1.5% of the transaction value. 2. Later buys an additional 100 shares at ₦180 each, with the same commission rate. 3. Sells 150 shares at ₦200 each, paying the same commission. 4. Receives a cash dividend of ₦5 per share on the shares still held after the sale. 5. The remaining shares undergo a 2‑for‑1 stock split. After the split the investor sells all the resulting shares at ₦120 each, again paying a 1.5% commission. Calculate the overall profit percentage earned on the total cash outflow (including all commissions) for the whole sequence of transactions. Express your answer to two decimal places.