WAEC Commerce 2025 Objective — Question 32

Question 32 of 51 from the West African Examinations Council (WAEC) Commerce 2025 Objective paper, with the correct answer and a full explanation.

Use the information below to answer questions 32 and 33: Gibril bought shares from a company at ₦40 per share and sold them to Sam at ₦60 each. Gibril sold the shares at a

A. subsidy
B. par
C. premiumCorrect
D. loss

Explanation

When a share is sold at a price above its par value, the share is said to be sold at a premium.

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