NECO Commerce 2025 Objective — Question 32
Question 32 of 50 from the National Examinations Council (NECO) Commerce 2025 Objective paper, with the correct answer and a full explanation.
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Use the information below to answer this question and the next. Gibril bought shares from a company at D40 per share and sold them to Sam at D 60 each. Gibril sold the shares at a
- A. subsidy
- B. par
- C. premiumCorrect
- D. loss
Explanation
Since Gibril sold the shares (D60) above the price he purchased them for (D40), he sold at a premium.
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