BECE Pre Vocational Study 2023 Objective — Question 59
Question 59 of 120 from the Basic Education Certificate Examination (Junior WAEC) (BECE) Pre Vocational Study 2023 Objective paper, with the correct answer and a full explanation.
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A farmer bought farm input at the cost of ₦3,200.50k and sold all his produce at the price of ₦6,200.50k. Calculate his profit at the end of the farming season.
- A. ₦2,000.00
- B. ₦3,000.00Correct
- C. ₦4,000.00
- D. ₦5,000.00
- E. ₦6,000.00
Explanation
Profit = selling price − cost = 6,200.50 − 3,200.50 = ₦3,000.00.
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