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

Geometry of arcs, how to divide an arc in three equal parts

how to divide an arc in three equal parts

How much did donald earn in commissions last month, Donald sold $5,250 wort...

Donald sold $5,250 worth of latest insurance policies last month. If he receives a commission of 7% on new policies, how much did Donald earn in commissions last month? To ?nd

Parametric curve - parametric equations & polar coordinates, Parametric Cur...

Parametric Curve - Parametric Equations & Polar Coordinates Here now, let us take a look at just how we could probably get two tangents lines at a point.  This was surely not

Solving multi step equations, can you help me? cause im in 7th grade advanc...

can you help me? cause im in 7th grade advanced math and tomorrow I have a test tomorrow and I don''t get this

Perimeter, what is the perimeter of a rhombus

what is the perimeter of a rhombus

Trigonometry 2, three towns are situated in such away that town B is 120 ki...

three towns are situated in such away that town B is 120 kilometers on a bearing of 030 degrees from town A. Town C is 210 kilometers on a bearing of 110 degrees from town A (a)ca

Expressing the interest rate as a decimal fraction, Total Contribution per ...

Total Contribution per Year for next 10yeras =$1000+$800 =$1800 So Total Future fund Vaule  =$1800*(1+1.073+power(1.073,2)+ power(1.073,2)+ power(1.073,3)+ power(1.073,4)+ power

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