Gross margin = gross output – variable costs
Gross output = yield x price
20 bags x shs. 2000/=
= shs. 40,000
Total variable costs = shs. (1000 + 3000 + 1200 + 1000 + 300 = 6,500)
Gross margin = shs. 40,000 – 6,500 = 33,500/=
Kavungya answered the question on March 28, 2019 at 05:46
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