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

Example of word problem, Example of Word problem: There is a man who i...

Example of Word problem: There is a man who is 21 years older than his son.  5 years ago he was four times as old as his son. How older are both now? Solution: Step 1

How to make equations of conics easier to read, How to Make Equations of Co...

How to Make Equations of Conics Easier to Read ? If you want to graph a conic sections, first you need to make the equation easy to read. For example, say you have the equatio

Math help until tuesday, I need help with pre algebra in 5th grade intermid...

I need help with pre algebra in 5th grade intermidate school math until Tuesday afternoon please

Initial conditions and boundary conditions, Initial Condition...

Initial Conditions and Boundary Conditions In many problems on integration, an initial condition (y = y 0 when x = 0) or a boundary condition (y = y

Variance, Variance Consider the example of investment opportunities. Th...

Variance Consider the example of investment opportunities. The expected gains were Rs.114 and Rs.81 respectively. The fact is that an investor also looks at the dispersion befo

General math, Kwai made 5 pints of iced tea. How many cups of tea did he ma...

Kwai made 5 pints of iced tea. How many cups of tea did he make?

Harold used a 3% iodine solution and a 20% iodine solution, Harold used a 3...

Harold used a 3% iodine solution and a 20% iodine solution to make a 95- ounce solution in which was 19% iodine. How many ounces of the 3% iodine solution did he use? Let x = t

VECTORS, OQRS IS A QUADRILATERAL SUCH THAT OQ= -6,3 OR= -3,7 AND OS= 1,5. T...

OQRS IS A QUADRILATERAL SUCH THAT OQ= -6,3 OR= -3,7 AND OS= 1,5. T IS ON OQ SUCH THAT OT: TQ= 1:2 PROVE THAT QRST IS AA PARALLEGRRAM

A fire in a building b is reported on telephone, A fire in a building B is ...

A fire in a building B is reported on telephone to two fire stations P and Q, 10km apart from each other on a straight road.  P observes that the fire is at an angle of 60 o to th

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