Quantitative, Mathematics

Assignment Help:
A lobster catcher spends $12 500 per month to maintain a lobster boat. He plans to catch an average of 20 days per month during lobster season. For each day, he must allow approximately $95 for fuel and ice for the boat. If his packaging and distribution costs are $2.00 per kilogram of lobster, and if lobster sells for $6.00 per kilogram: (Excel is not required for this question: Just Type your answer with proper steps)

a. How many kilograms of lobster must he catch per day to break even?

b. Suppose the catcher wants to put away money to sustain himself through inclement weather and off-season expenses. He decides that he would like to save $10 000 per month. How much lobster should he plan to catch to make this plan possible?

Related Discussions:- Quantitative

How many rolls will she required to purchase, Karen is buying a wallpaper b...

Karen is buying a wallpaper border for her bedroom, that is 12 ft by 13 ft If the border is sold in rolls of 5 yards each, how many rolls will she required to purchase? The dis

What are inclusive events, Q. What are Inclusive Events? Ans. Even...

Q. What are Inclusive Events? Ans. Events that can occur at the same time are called inclusive events. For example, a student can belong to more than one club at one time

Commercial arithmetic, if oranges are bought at the rate of 11 for rupees ...

if oranges are bought at the rate of 11 for rupees 10 and are sold at the rate of 10 for rupees 11, find the profit percent

Transportation problems vogel approximation method, if there is a tie betwe...

if there is a tie between two penalties then how to make allocations?

The median- graphical method -progression , The median - it is a stati...

The median - it is a statistical value which is usually located at the center of a given set of data that has been organized in the order of size or magnitude as illustrating,

., WRITE the condition that should be fulfilled by two matrices A&B to get ...

WRITE the condition that should be fulfilled by two matrices A&B to get the product AB and BA

Find the least and greatest number of coins, Marc goes to the store with ex...

Marc goes to the store with exactly $1 in change. He has at least one of each coin less than a half-dollar coin, but he does not have a half-dollar coin. a. What is the least nu

Derivative, Uses of derivative in daily life with examples.

Uses of derivative in daily life with examples.

#Regular Expression, Find the Regular Grammar for the following Regular Exp...

Find the Regular Grammar for the following Regular Expression: a(a+b)*(ab*+ba*)b.

Functions of many variables, There may be more than one independent v...

There may be more than one independent variable which determines the value of y. The dimension of a function is determined by the number of independent variables in the

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd