The gross profit of a farm business is the farm's

Assessment: WAEC SSCE - Agricultural Science - 2022 (Objective) Subject: Agricultural Science

Question 1 Report

The gross profit of a farm business is the farm's
Answer Details
The gross profit of a farm business is the total revenue generated by the farm from its sales minus the total cost of production. It represents the amount of money left over after deducting all direct costs associated with producing and selling the goods, before taking into account any overhead or indirect costs. Therefore, the correct answer is "total sales less cost of production."

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