Milko owns dairy cattle. The market value of the cattle is calculated by reference to the litres of milk able to be produced and the lactation rate of the cows. The cattle are regularly sold at auction. Costs incurred to transport the cattle to auction are €500 per truck. Each truck can transport approximately 100 cattle. $\begin{array}{ll}
\text { Number of mature cows held at } 30 \text { June } 2016 & 5000 \
\text { Average litres of production per cow } & 6000 \text { litres } \
\text { Lactation rate } & 50 \% \
\text { Price per litre } & 40 \text { cents }
\end{array}$
The market value for each cow at 30 June 2016 is:

Question

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The Answer is C

Milko Owns Dairy Cattle The Market Value for Each Cow at 30 June 2016