{"id":133543,"date":"2024-08-23T19:08:43","date_gmt":"2024-08-23T19:08:43","guid":{"rendered":"https:\/\/learnexams.com\/blog\/?p=133543"},"modified":"2024-08-23T19:08:45","modified_gmt":"2024-08-23T19:08:45","slug":"a-farmer-has-240-acres-under-cultivation-at-the-cost-of-188-99-per-acre","status":"publish","type":"post","link":"https:\/\/www.learnexams.com\/blog\/2024\/08\/23\/a-farmer-has-240-acres-under-cultivation-at-the-cost-of-188-99-per-acre\/","title":{"rendered":"A farmer has 240 acres under cultivation at the cost of $188.99 per acre."},"content":{"rendered":"\n

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?<\/p>\n\n\n\n

A.
$79,490.40<\/p>\n\n\n\n

B.
$14,400.00<\/p>\n\n\n\n

C.
$45,357.60<\/p>\n\n\n\n

D.
$36,290.40<\/p>\n\n\n\n

To calculate the expected profit, follow these steps:<\/p>\n\n\n\n

    \n
  1. Calculate the total cost of cultivation:<\/strong>Total\u00a0cost=Number\u00a0of\u00a0acres\u00d7Cost\u00a0per\u00a0acre=240\u00a0acres\u00d7$188.99\/acre=$45,357.60\\text{Total cost} = \\text{Number of acres} \\times \\text{Cost per acre} = 240 \\text{ acres} \\times \\$188.99\/\\text{acre} = \\$45,357.60Total\u00a0cost=Number\u00a0of\u00a0acres\u00d7Cost\u00a0per\u00a0acre=240\u00a0acres\u00d7$188.99\/acre=$45,357.60<\/li>\n\n\n\n
  2. Calculate the total yield in bushels:<\/strong>Total\u00a0yield=Number\u00a0of\u00a0acres\u00d7Yield\u00a0per\u00a0acre=240\u00a0acres\u00d760\u00a0bushels\/acre=14,400\u00a0bushels\\text{Total yield} = \\text{Number of acres} \\times \\text{Yield per acre} = 240 \\text{ acres} \\times 60 \\text{ bushels\/acre} = 14,400 \\text{ bushels}Total\u00a0yield=Number\u00a0of\u00a0acres\u00d7Yield\u00a0per\u00a0acre=240\u00a0acres\u00d760\u00a0bushels\/acre=14,400\u00a0bushels<\/li>\n\n\n\n
  3. Calculate the total revenue from selling the bushels:<\/strong>Total\u00a0revenue=Total\u00a0yield\u00d7Price\u00a0per\u00a0bushel=14,400\u00a0bushels\u00d7$5.67\/bushel=$81,648\\text{Total revenue} = \\text{Total yield} \\times \\text{Price per bushel} = 14,400 \\text{ bushels} \\times \\$5.67\/\\text{bushel} = \\$81,648Total\u00a0revenue=Total\u00a0yield\u00d7Price\u00a0per\u00a0bushel=14,400\u00a0bushels\u00d7$5.67\/bushel=$81,648<\/li>\n\n\n\n
  4. Calculate the profit:<\/strong>Profit=Total\u00a0revenue\u2212Total\u00a0cost=$81,648\u2212$45,357.60=$36,290.40\\text{Profit} = \\text{Total revenue} – \\text{Total cost} = \\$81,648 – \\$45,357.60 = \\$36,290.40Profit=Total\u00a0revenue\u2212Total\u00a0cost=$81,648\u2212$45,357.60=$36,290.40<\/li>\n<\/ol>\n\n\n\n

    Correct answer:<\/strong> D. $36,290.40<\/p>\n","protected":false},"excerpt":{"rendered":"

    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? A.$79,490.40 B.$14,400.00 C.$45,357.60 D.$36,290.40 To calculate the expected profit, follow these steps: Correct answer: D. $36,290.40<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[25],"tags":[],"class_list":["post-133543","post","type-post","status-publish","format-standard","hentry","category-exams-certification"],"_links":{"self":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/133543","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/comments?post=133543"}],"version-history":[{"count":0,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/133543\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/media?parent=133543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/categories?post=133543"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/tags?post=133543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}