Waec Model Questions Vol1 2023 Agricultural Science Question 1
Practice objective / multiple choice question 1 from the 2023 Waec Model Questions Vol1 Agricultural Science examination.
A farmer sells maize at ₦120 per kg. Fixed costs for the season are ₦150,000 and the variable cost is ₦70 per kg. A 5 % sales tax is levied on the gross revenue and the government gives a subsidy of ₦5 per kg for the first 2,000 kg sold. What is the minimum quantity of maize (in kg) the farmer must sell to achieve a net profit of at least ₦30,000 after tax and subsidy?
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This is Waec Model Questions Vol1 2023 Agricultural Science Question 1. It is one of the objective questions from the 2023 Waec Model Questions Vol1 Agricultural Science examination.
Difficulty level: Hard .
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