Question 28
Farm Management and RecordsA farmer produced 25 tonnes of cocoa. If 16 bags of cocoa weigh one tonne and the cocoa was later sold at N350.00 per kilogramme. (1 tonne = 1,000 kg)
Determine the income realized by the farmer.
- A.N140,000.00
- B.N400,000.00
- C.N5,600,000.00
- D.N8,750,000.00
Show the answer and explanation
Answer: D (N8,750,000.00)
Explanation
25 × 1,000 kg × N350 = N8,750,000.