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WAEC Agricultural Science 2020 Question 46

Question 46

Farm Management and Records

If a farmer produces 9 bags of millet at an average cost of D 80,000.00 per bag and sells each of the 9 bags at D 90,000.00, the profit is

  1. A.D 10,000.00.
  2. B.D 80,000.0.0.
  3. C.D 90,000.00.
  4. D.D 170,000.00.
Show the answer and explanation

Answer: C (D 90,000.00.)

Explanation

Profit per bag = 90,000 − 80,000 = 10,000; × 9 bags = D90,000.