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

Find the probability, Q. Suppose Jessica has 10 pairs of shorts and 5 pair...

Q. Suppose Jessica has 10 pairs of shorts and 5 pairs of jeans in her drawer. How many ways could she pick out something to wear for the day? What is the probability that she pick

Cluster sampling, Cluster Sampling Cluster sampling is where a few geog...

Cluster Sampling Cluster sampling is where a few geographical regions for illustration, a location, village or town are selected at random and say every single household or sho

Rational Number Application, in the horizontal bar event the u.s.a scored 2...

in the horizontal bar event the u.s.a scored 28.636,gremany scroed 28.7,romnia scored 27.962,and chain scored 28.537 points.which list shows these scored in descending order

How much sales tax did she pay if items was 6 percent, Lindsay purchased a ...

Lindsay purchased a pocketbook for $45 and a pair of shoes for $55. The sales tax on the items was 6%. How much sales tax did she pay? Find out the price of the two items toget

Brian 100-yard dash time was 2.68 what is the school record, Brian's 100-ya...

Brian's 100-yard dash time was 2.68 seconds more than one school record. Brian's time was 13.4 seconds. What is the school record? The school record is less than Brian's time.

Analalitic geometry, 1. Write down the canonical equations of the line pass...

1. Write down the canonical equations of the line passing through the point A(2,3, 4) and being parallel to the vector q ={5,0,-1}.

How many hours will it take for them to be 822 miles apart, Two trains leav...

Two trains leave the same city at the same time, one going east and the other going west. If one train is traveling at 65 mph and the other at 72 mph, how many hours will it take f

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