Neco 2024 Agricultural Science Question 26
Practice objective / multiple choice question 26 from the 2024 Neco Agricultural Science examination.
A farmer's total cost of producing one ton of maize is ₦95,000. The farm sells the maize at a marked price of \(M\) per ton. The buyer receives a 12% wholesale discount on the marked price, followed by a further 5% seasonal discount on the reduced price. In addition, the farmer receives a transport subsidy of ₦8,000 per ton. To earn at least a 20% profit over cost, what is the minimum marked price \(M\) (in naira) the farmer must set?
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About This Question
This is Neco 2024 Agricultural Science Question 26. It is one of the objective questions from the 2024 Neco Agricultural Science examination.
Difficulty level: Hard .
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