Question 29
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)
Calculate the cost of one bag of cocoa.
- A.N62.50
- B.N5,600.00
- C.N8,750.00
- D.N21,875.00
Show the answer and explanation
Answer: D (N21,875.00)
Explanation
One bag = 1,000 ÷ 16 = 62.5 kg; 62.5 × 350 = N21,875.