A company sells 500 kg of a medicine that it makes from a plant that a community has used for…
Contributed by StemPy LabTry it on paper first. A hint, the key idea and the worked solution are here when you need them.
A company sells kg of a medicine that it makes from a plant that a community has used for generations. The price is money units for each kilogram. By agreement, of the income goes to the community.
- What is the income?
- How much does the community receive?
- What share of the income would give the community money units?
Need a reminder? The key ideaShow
Biopiracy is the use of bio-resources by multinational companies and other organisations without proper authorisation from the countries and people concerned, and without compensatory payment. Developing countries are rich in biodiversity and traditional knowledge. In 1997 an American company obtained a patent on a basmati rice that was derived from varieties of Indian farmers. Neem and turmeric are other examples of attempts to patent uses, products and processes based on plants that are used by farmers and communities.
The worked solution
Have you tried it?
Work it out on paper first. It is fine to get stuck or make a mistake: that is how we learn. When you are ready, go through the solution one step at a time, and check each step against your own.
Given. kg, money units per kilogram, a share of .
Plan. Find the income, take the share, and then reverse the sum for part (c).
Step 1. Income. money units.
Step 2. The community. money units.
Step 3. The share for . .
Answer: money units; money units; .
Check. The company keeps money units. A share of of is .
Discussion (0)
Log in to join the discussion.
Loading…