Agricultural ScienceAgricultural economics and extensionWAEC
A farmer sells 20 bags of maize at ₦25,000 each. His total costs are ₦350,000. Find his profit.
Show answer
Answer: C. ₦150,000
Revenue = 20 × 25,000 = ₦500,000; profit = 500,000 − 350,000 = ₦150,000.
An AdmitMe practice question, written for the WAEC syllabus. Not an official past question.