Neco Model Questions Vol1 2020 Agricultural Science Question 2
Practice objective / multiple choice question 2 from the 2020 Neco Model Questions Vol1 Agricultural Science examination.
A farmer cultivates \(2\) hectares of maize. Fixed costs (land rent, depreciation) amount to \(\₦150{,}000\) per hectare. The variable cost is \(\₦30\) per kilogram of maize produced. The expected yield is \(2.5\) tonnes per hectare. The farmer wishes to earn a profit equal to \(20\%\) of the total cost. Determine the minimum selling price per kilogram of maize (in naira) that will achieve this profit target. Give your answer as a whole number.
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About This Question
This is Neco Model Questions Vol1 2020 Agricultural Science Question 2. It is one of the objective questions from the 2020 Neco Model Questions Vol1 Agricultural Science examination.
Difficulty level: Medium .
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