Question

Mr. Radon's favorite place to buy shrimp in New Orleans was the Cajun Seafood market on Claiborne. He always stocked up on shrimp after he inspected the house he bought as an investment a few years ago.  His trip was 685 miles one way to visit the property and even though gas was available at $1.88 per gallon and the car achieved 25 miles per gallon, it was an expensive and lengthy trip. Therefore he bought the cheapest plane tickets he could muster at $299 round trip and packed a cooler with $12 worth of ice. The shrimp were a bargain at $7.99 per pound for jumbos and he always tried to fit 35 pounds of the crustaceans in the cooler. What is the landed cost of a pound of shrimp

Answer 1

The Landed Cost of a Pound of Shrimps is $9.80

Step-by-step explanation:

Petrol Cost = 685 miles × 1 gallon / 25 miles × $1.88 / 1 gallon

Petrol Cost = 685 miles × 0.04 × $1.88 per gallon

Petrol Cost = $51.512

Ice Cost = $12

Cost of Shrimps = 35 × $7.99

Cost of Shrimps = $279.65

Total Cost of Shrimps = $51.512 + $12 + $279.65

Total Cost of Shrimps = $343.162

Landed Cost of a Pound of Shrimps = $343.162/35

Landed Cost of a Pound of Shrimps = $9.80