Neco Model Questions Vol1 2018 Agricultural Science Question 1
Practice objective / multiple choice question 1 from the 2018 Neco Model Questions Vol1 Agricultural Science examination.
A farmer plans to grow maize with a fixed cost of N10,000 per season and a variable cost of N0.5 per kilogram. He expects a yield of 20,000 kg. He will sell the first 10,000 kg at a price of \(P\) per kg and the remaining 10,000 kg at a 5 % lower price. A sales tax of 10 % is levied on the total revenue. What minimum selling price \(P\) (in N per kg, to two decimal places) must be set so that the farmer achieves a net profit of N30,000 after tax?
Answer Options
About This Question
This is Neco Model Questions Vol1 2018 Agricultural Science Question 1. It is one of the objective questions from the 2018 Neco Model Questions Vol1 Agricultural Science examination.
Difficulty level: Hard .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.