To help your students understand Profit and Loss in a real-world context, here are 16 mathematics
questions based on the current 2026 cocoa market data.
Current Data Reference (March 2026):
Ghana Farmgate Price: GH₵2,587 per bag (64kg).
Previous October Price: GH₵3,625 per bag.
World Market Price: Approximately $3,770 per tonne (GH₵41,392).
Section A: Basic Profit & Loss
A licensed buying company (LBC) buys 100 bags of cocoa at the current farmgate price of GH₵2,587
each. If the company sells the total stock for GH₵280,000, calculate the profit made.
A farmer spent GH₵2,100 on fertilizer, labor, and transport to produce one bag of cocoa. After selling it
for GH₵2,587, what is his profit?
In October 2025, the price of cocoa was GH₵3,625 per bag. In February 2026, it was reduced to
GH₵2,587. Calculate the loss in value for a farmer who held 10 bags until the price dropped.
A trader buys a bag of cocoa for GH₵2,587 and sells it at a profit of GH₵313. Find the selling price.
If a cooperative sells 50 bags of cocoa and makes a total profit of GH₵15,000, what was the profit per
bag?
Section B: Percentage Profit & Loss
The government reduced the price per bag from GH₵3,625 to GH₵2,587. Calculate the percentage
decrease (loss in value) to the nearest whole number.
A farmer’s production cost for a bag is GH₵1,800. If he sells it at the current price of GH₵2,587, calculate
his percentage profit.
An exporter buys cocoa at a world market rate of GH₵41,392 per tonne. Due to a shipping delay, the
quality drops, and he is forced to sell it for GH₵35,000. Calculate his percentage loss.
A buying agent makes a 5% profit on every bag of cocoa bought at GH₵2,587. How much profit does he
make on one bag?
A retail shop buys processed cocoa powder for GH₵80 and sells it for GH₵100. Calculate the percentage
profit.
Section C: World Market & Tonnage (Advanced)
One tonne of cocoa consists of approximately 16 bags (64kg each). If the government buys a tonne from
farmers at GH₵41,392 but the world market price drops to GH₵38,000, calculate the government's loss
per tonne.
A company buys 5 tonnes of cocoa at GH₵41,392 per tonne. It incurs a transport cost of GH₵2,000. If it
sells the 5 tonnes for GH₵220,000, calculate the total profit.
A farmer produces 2 tonnes of cocoa. If he is paid GH₵2,587 per bag, and there are 16 bags in a tonne,
how much total money does he receive?
The world market price is $3,770 per tonne. If the exchange rate is $1 = GH₵11.00, calculate the world
market price in Ghana Cedis.
Using the answer from Question 14, if the Ghana farmgate price for a tonne (16 bags) is GH₵41,392,
what is the difference between the world price and the local price?
A cocoa processor buys 10 bags of cocoa at GH₵2,587 each. After processing, he sells the cocoa butter
and powder for a total of GH₵35,000. If his processing costs were GH₵4,000, calculate his net profit.
Teacher's Quick Answer Key (Samples):
Q3: Loss = GH₵10,380 (3625 - 2587 = 1038 \times 10)
Q6: Percentage Decrease = 29%
Q14: GH₵41,470
Would you like me to create a marking scheme for all 16 questions or perhaps design a worksheet layout
for your JHS 2 students?