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

Which of the following could the length of the base height, The area of a p...

The area of a parallelogram can be expressed as the binomial 2x 2 - 10x. Which of the following could be the length of the base and the height of the parallelogram? To ?nd out

Erp for a company, recomendation to a company to implement ERP to succeed

recomendation to a company to implement ERP to succeed

Operations with rational numbers, larry spends 3/4 hours twice a day walkin...

larry spends 3/4 hours twice a day walking and playing with his dog. He spends 1/6 hours twice a day feeding his dog. how much time does larry spend on his dog each day?

How many times must he mow across the width of the lawn, Allan has been hir...

Allan has been hired to mow the school soccer field that is 180 ft wide through 330 ft long. If his mower mows strips which are 2 feet huge, how many times must he mow across the w

Customer arithmetics, what is $6500 jamaican dollars in european money if ...

what is $6500 jamaican dollars in european money if jamaican $160.13 = 1 european money

Determine the widest piece of mail, A mailbox opening is 4.5 inches high an...

A mailbox opening is 4.5 inches high and 5 inches wide. Determine the widest piece of mail able to ?t in the mailbox without bending? a. 9.5 inches b. 2.2 inches c. 6.7 in

Project, report on shares and dovidend using newspaper

report on shares and dovidend using newspaper

Percentage, By selling a violin for $4950, giving a 10% discount on the mar...

By selling a violin for $4950, giving a 10% discount on the marked price, a trader gained $950 on his investment, Find, Cost price.

Mathematical formulae, Mathematical Formulae (a ...

Mathematical Formulae (a + b) 2 = a 2 + b 2 + 2ab (a - b) 2 = a 2 + b 2 - 2ab (a + b) 2 +

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