Neco Model Questions Vol1 2023 Agricultural Science Question 41

Practice objective / multiple choice question 41 from the 2023 Neco Model Questions Vol1 Agricultural Science examination.

Neco Model Questions Vol1 2023 Agricultural Science Objective / Multiple Choice Hard Difficulty
Question 41 NECO_MODEL_QUESTIONS_VOL1 • 2023 • AGRICULTURAL_SCIENCE • objective

An extension officer plans a training programme for 120 small‑holder farmers. The cost items are: trainer fees N150 000, venue N45 000, training materials N12 000 and transport at N800 per farmer. A grant covers 40 % of the total cost and a corporate sponsor will match the remaining amount after the grant, but only up to N100 000. (a) What is the maximum amount each farmer must contribute (the same amount for every farmer) to fully fund the programme? (b) After the sponsor's contribution is taken into account, what is the net cost per farmer (total cost per farmer less the sponsor's share)?

Answer Options

Correct Answer A. Each farmer must contribute N682; the net cost per farmer after the sponsor's contribution is approximately N1,692.
B. Each farmer must contribute N700; the net cost per farmer after the sponsor's contribution is approximately N1,600.
C. Each farmer must contribute N720; the net cost per farmer after the sponsor's contribution is approximately N1,650.
D. Each farmer must contribute N650; the net cost per farmer after the sponsor's contribution is approximately N1,720.
Correct Answer
A
Correct Option:
Each farmer must contribute N682; the net cost per farmer after the sponsor's contribution is approximately N1,692.

About This Question

This is Neco Model Questions Vol1 2023 Agricultural Science Question 41. It is one of the objective questions from the 2023 Neco Model Questions Vol1 Agricultural Science examination.

Difficulty level: Hard .

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