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

Objectives of addition and subtraction, Objectives After going throu...

Objectives After going through this unit, you should be able to 1. explain the processes involved ih addition and subtraction; 2. plan and execute activities that woul

Inflation , Inflation The inflation rate for a given period can be ca...

Inflation The inflation rate for a given period can be calculated using the following formula; Inflation = (current retail price index/retail price index in the base year)

How many packets of the first type did she purchase, The manager of a garde...

The manager of a garden store ordered two different types of marigold seeds for her display. The first type cost her $1 per packet and the second kinds cost $1.26 per packet. How m

Example of multiplying decimals, Example of Multiplying Decimals: Exa...

Example of Multiplying Decimals: Example:  0.45 x 10 = 4.5.  Same, while multiplying a decimal through 100, 1000, and 10,000, move the decimal point to the right the similar

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

Areas related to circles in mensuration, AREAS  RELATED TO CIRCLES The...

AREAS  RELATED TO CIRCLES The  mathematical  sciences particularly  exhibit  order,  symmetry,  and limitation;  and  these  are the  greatest  forms  of the beautiful. In t

Algebra, logrithim of function?

logrithim of function?

Logarithmic functions, If x = b y where both b > 0, x > 0, then we d...

If x = b y where both b > 0, x > 0, then we define y = log b x, which is read as "y is the log to the base b of x". This means that, log b x or y is the number to

Share and divivdend, i m making a project on share and dividend. will u pls...

i m making a project on share and dividend. will u pls give the all of 10pages information ?

Types of sets, NULL/ VOID/ EMPTY SET A set which has no element is know...

NULL/ VOID/ EMPTY SET A set which has no element is known as the null set or empty set and is indicated by f (phi). The number of elements of a set A is indicated as n (A) and

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