Neco 2023 Agricultural Science Question 31
Practice objective / multiple choice question 31 from the 2023 Neco Agricultural Science examination.
A farmer plans to cultivate maize on 5 ha. Fixed costs (land rent, equipment) amount to ₦150,000 and variable cost is ₦45,000 per hectare. Expected yield is 3.5 tonnes per hectare and the market price is ₦80,000 per tonne. He will sell 60% of the harvest immediately at the market price, while the remaining 40% is stored; during storage the weight reduces by 10% and the price falls by 5%. Calculate the overall profit percentage earned from the whole crop.
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About This Question
This is Neco 2023 Agricultural Science Question 31. It is one of the objective questions from the 2023 Neco Agricultural Science examination.
Difficulty level: Medium .
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