Neco Model Questions Vol1 2017 Agricultural Science Question 9

Practice objective / multiple choice question 9 from the 2017 Neco Model Questions Vol1 Agricultural Science examination.

Neco Model Questions Vol1 2017 Agricultural Science Objective / Multiple Choice Hard Difficulty
Question 9 NECO_MODEL_QUESTIONS_VOL1 • 2017 • AGRICULTURAL_SCIENCE • objective

A farmer has 2 t (2000 kg) of fresh cassava chips to store for six months. Two storage options are available:\n\n* Hermetic bags: cost \$2 per bag, each bag holds 50 kg, labour cost \$0.10 per bag per month, and post‑harvest loss is reduced to 2 %.\n* Traditional bags: cost \$0.5 per bag, each bag holds 25 kg, labour cost \$0.02 per bag per month, and post‑harvest loss is 15 %.\n\nThe market price of good cassava chips is \$0.30 per kg, and the purchase cost of the chips is \$0.20 per kg. Calculate for each option (a) total storage cost, (b) total loss (kg), (c) total revenue, (d) net profit, and (e) the difference in net profit between the two options.

Answer Options

A. Hermetic profit = $90; Traditional profit = $62.00; Hermetic yields $28.00 more profit.
Correct Answer B. Hermetic profit = $84; Traditional profit = $60.40; Hermetic yields $23.60 more profit.
C. Hermetic profit = $80; Traditional profit = $60.40; Hermetic yields $19.60 more profit.
D. Hermetic profit = $78; Traditional profit = $55.20; Hermetic yields $22.80 more profit.
Correct Answer
B
Correct Option:
Hermetic profit = $84; Traditional profit = $60.40; Hermetic yields $23.60 more profit.

About This Question

This is Neco Model Questions Vol1 2017 Agricultural Science Question 9. It is one of the objective questions from the 2017 Neco Model Questions Vol1 Agricultural Science examination.

Difficulty level: Hard .

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