Waec Model Questions Vol1 2022 Agricultural Science Question 42
Practice objective / multiple choice question 42 from the 2022 Waec Model Questions Vol1 Agricultural Science examination.
A farmer harvests 5,000 kg of maize. Fixed costs amount to ₦120,000 and the variable cost is ₦15 per kilogram. The farmer intends to sell the maize at a uniform price P (₦ per kg). After paying a 10 % tax on the gross profit, he wants a net profit of at least ₦80,000. What is the minimum selling price P (to two decimal places) that will achieve this target?
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About This Question
This is Waec Model Questions Vol1 2022 Agricultural Science Question 42. It is one of the objective questions from the 2022 Waec Model Questions Vol1 Agricultural Science examination.
Difficulty level: Hard .
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