CSEC Agricultural Science · May/June 2008 · Paper 2 · Question 7(a)(ii)
Distinguish between gross margin and net profit.
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Practise this questionOther parts of this question
- 7(a)(i)What is meant by the term, 'gross farm income'?[1 mark]
- 7(b)(i)Construct a table with the headings 'Fixed costs', 'Variable costs', and 'Farm income', and categorise the provided list of sales and expenses.[5 marks]
- 7(b)(ii)Calculate Farmer Tiwary's gross farm income and net farm income, showing all working.[4 marks]
More practice: the rest of this paper · more Farm Organisation and Planning questions · all CSEC Agricultural Science past papers