Neco Model Questions Vol1 2024 Agricultural Science Question 36
Practice objective / multiple choice question 36 from the 2024 Neco Model Questions Vol1 Agricultural Science examination.
A farmer buys 15 weaned calves at \(\₦12,000\) each. He feeds them a total of 2,250 kg of concentrate over 5 months at \(\₦150\) per kg. After this period the calves have collectively gained 1,800 kg live weight. The market price is \(\₦2,200\) per kg live weight.\n\nIf the farmer sells the calves now, his net profit is \(P_{now}\).\n\nAlternatively, he can keep the calves for another 3 months. He will allocate 540 kg of concentrate at \(\₦200\) per kg and the feed conversion ratio is 1.2 kg feed per kg weight gain. After the extra period the calves are sold at the same market price. Determine which option gives the higher profit and state the net profit for that option (in Naira).
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About This Question
This is Neco Model Questions Vol1 2024 Agricultural Science Question 36. It is one of the objective questions from the 2024 Neco Model Questions Vol1 Agricultural Science examination.
Difficulty level: Medium .
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