As a fish food processer you know that the average weight of

As a fish food processer, you know that the average weight of Tuna is 90 pounds. You also know that about 25% is lost during the cleaning process. You pay $5.00 per pound of whole Tuna.

You also realize that there is an average loss of 10% of the net weight due to spoilage. If you want to make a 40% profit, what per pound selling price do you need to set for your Tuna?

What is the net weight of an averaged

Solution

wieght of tuna 90pounds

loss in cleaning 10%=46.8 pounds

total weight = 43.2

cost =5$/pounds

total costs= 216

again a loss of 10%= 4.32

total weight=38.88

true cost per pound = 5.56$

40% 0f 216=86.4$

actuall selling price = 7.77$