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WAEC Commerce 1996 Question 96

Question 96

Stock Exchange

The shares of XYZ Plc are quoted at the stock exchange by a jobber at 85 K for k share. How much will Alabi, an investor who buys 500 shares pay?

  1. A.N675.00
  2. B.N425.00
  3. C.N250.00
  4. D.N175.00
  5. E.N75.00
Show the answer and explanation

Answer: B (N425.00)

Explanation

500 shares × 85k = 42,500k = N425.