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If a farmer produces 9 bags of millet at an average cost of D80,000.00 per...

Agricultural Science
WAEC 2020

If a farmer produces 9 bags of millet at an average cost of D80,000.00 per bag and sells each of the 9 bags at D90,000.00 the profit is?

  • A. D10,000.00
  • B. D80,000.00
  • C. D90,000.00
  • D. D170,000.00
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Correct Answer: Option C
Explanation

Profit per bag: D90,000 (selling price) - D80,000 (cost price) = D10,000

Total profit: 9 bags × D10,000 = D90,000

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WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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