In a particular year, the price of wheat in a market is $R s . 15$ per kg and a farmer produces $100 k g s$ of wheat. In the next year the price of wheat has fallen to $R s . 10$ per kg and the farmer produces $120 k g s$ . If the government wishes to stabilize the income of the farmer, then what will be the minimum support price?

R s . 12 p e r k g

No worries! We‘ve got your back. Try BYJU‘S free classes today!

R s . 12.5 p e r k g

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

R s . 13 p e r k g

No worries! We‘ve got your back. Try BYJU‘S free classes today!

R s . 13.5 p e r k g

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is D $R s . 12.5 p e r k g$
MSP should be $12.5 r s . / k g$ to stabilize the income of the farmers. (as per the given data).

Suggest Corrections

Similar questions

Q. Suppose Indian Farmers sell wheat at Rs.

50

per kg and the international price wheat is Rs.

40

per kg. What is the minimum rate of import duty Government of India must impose on imported wheat so that it does not adversely affect Indian farmers in the domestic market?

Arun purchased two varieties of wheat – 30 kg of wheat at the rate of Rs.11.50 per kg and 20 kg of wheat at the rate of Rs.14.25 per kg. Approximately what price per kg should he sell the mixture of the two varieties of wheat to make an overall profit of 30%?

Q36. A grocer purchased 20 kg of wheat at the rate of Rs 15 per kg and 30 kg of wheat at the rate of Rs 13 per kg At what price per kg should he sell the mixture to earn $%$ profit on the cost price?

If farmer Q sells 14 kg of wheat, farmer S sells 21 kg of jowar and farmer R sells 30 kgs of sugarcane, what will be their combined earning?

If farmer P sells 50 kgs of rice and farmer S sells 60 kg of wheat, what is the difference in amount earned by both the farmers on selling their products?

Join BYJU'S Learning Program

The correct option is D Rs.12.5 per kgMSP should be 12.5 rs./kg to stabilize the income of the farmers. (as per the given data).

The correct option is D $R s . 12.5 p e r k g$
MSP should be $12.5 r s . / k g$ to stabilize the income of the farmers. (as per the given data).