Waec Model Questions Vol1 2018 Agricultural Science Question 16
Practice objective / multiple choice question 16 from the 2018 Waec Model Questions Vol1 Agricultural Science examination.
A farmer sells 500 kg of maize at a market price of ₦120 per kilogram. The farmer incurs a fixed cost of ₦20 000 and a variable cost of ₦45 per kilogram. If the buyer purchases more than 400 kg, the farmer gives a 10 % discount on the total price, and an additional 5 % discount on the discounted price when payment is made within 30 days. The buyer pays within 30 days, and a sales tax of 2 % is applied on the final discounted amount, which the farmer must remit. What is the farmer's net profit (in naira) from this transaction?
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About This Question
This is Waec Model Questions Vol1 2018 Agricultural Science Question 16. It is one of the objective questions from the 2018 Waec Model Questions Vol1 Agricultural Science examination.
Difficulty level: Hard .
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