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

Mathematics Logic & Set Applications, I have a 40 question assignment for t...

I have a 40 question assignment for this topic, will you be able to complete it?

Share and dividend, #a invests Rs 15000IN COMPANY PAYING 10%WHEN Rs100 SHAR...

#a invests Rs 15000IN COMPANY PAYING 10%WHEN Rs100 SHARE IS SOLD AT A PREMIUM OF Rs 20 after a yearASOLD SHARES AT Rs80 EACHAND INVESTEDPROCEEDS IN Rs75SHARES SELLING AT Rs 100 WZI

Profit, A wholesaler allows a discount of 20% on the list price to a retail...

A wholesaler allows a discount of 20% on the list price to a retailer. The retailer sells at 5% discount on the list price.If a customer paid Rs 114 for an article,what profit is m

Standard deviation, i need to work out the standard deviation of 21.4

i need to work out the standard deviation of 21.4

How much is invested at 8% if the total amount of interest, Kevin invested ...

Kevin invested $4,000 in an account which earns 6% interest per year and $x in a different account that earns 8% interest per year. How much is invested at 8% if the total amount o

Problem solving sentence, a cheeseburger cost $6.39 more than a burger of $...

a cheeseburger cost $6.39 more than a burger of $2.29, what is the difference?

Parallelograns, Find x and y in each paarallelogram.

Find x and y in each paarallelogram.

Evolve a game to help children remember basic multiplication, Evolve a game...

Evolve a game to help children remember basic multiplication facts. In this section we have looked at ways of helping children absorb some simple multiplication facts. But what

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