Practice Question
A farmer has 240 acres under cultivation at the cost of $188.99 per acre. If he averages a yield of 60 bushels per acre, what profit is expected if the price per bushel is $5.67?
Answer Choices:
Correct Answer:
$36,290.40
Rationale:
Total Cost=Acres×Cost per Acre=240×188.99=240×188.99
Total Revenue=Total Yield×Price per Bushel=(240×60)×5.67 (240×60)×5.67
Profit=Total Revenue−Total Cost=81,648.00−45,357.60=36,290.40
=36,290.40
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This question is from Math~2025 Exam 1 which contains 24 questions.
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Question Details
- Category: HESI A2
- Subcategory: Hesi Maths Exam(s)
- Domain: Maths~2025
- Answer Choices: 4