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3.3.2 Costs

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Question 3

Verdant Harvest Annual Review

Following its restructuring into a precision-farming cooperative, agricultural tech firm Verdant Harvest recorded a profit of £19.55 million in 2024, which was a 15% increase compared to its 2023 profit. Over the same period, the cooperative's total revenue grew to £124.8 million in 2024, representing a 4% increase on the 2023 figure.

Calculate, using the information provided, the total costs incurred by Verdant Harvest in 2023.

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3.3.2 Costs Questions

  1. A Level
  2. /Economics
  3. /3.3.2 Costs