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 1

36290.4$

Explanation:

First of all we should find out how much farmer spent on 240 acres

240 × 188.99 = 45357.6

Then, let's find out the price for whole bushels he gets

240 × 60 × 5.67$ = 81648

Therefore his profit is,

81648 - 45357.6 = 36,290.4$//