Gce Model Questions Vol1 2018 Agricultural Science Question 27
Practice objective / multiple choice question 27 from the 2018 Gce Model Questions Vol1 Agricultural Science examination.
A 5‑ha wheat farm is expected to produce 3.5 t ha⁻¹. Variable cost is ₦120 000 per tonne of wheat produced. Fixed overhead is ₦50 000 per hectare and labour costs ₦2 500 per hour; 120 labour hours are required per hectare. The farmer wishes to earn a profit equal to 20 % of the total cost. What minimum selling price per tonne of wheat must be achieved to meet this profit target?
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About This Question
This is Gce Model Questions Vol1 2018 Agricultural Science Question 27. It is one of the objective questions from the 2018 Gce Model Questions Vol1 Agricultural Science examination.
Difficulty level: Medium .
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