Question

Joe enjoys fishing and goes out about 20 times per year. One day, his wife Sarah, told him that fishing is simply too expensive a hobby. “I think you should stop going fishing,” she exclaimed. “I did a little calculation, and I figured that it cost us about $28.75 for every fist that you catch because you usually catch about 20 fish per trip. Besides, I always end up having to clean them. We would be much better off buying ready-to-cook fish from the local fish market.

Comment on Sarah’s remark. Do you agree with her argument? Explain

Boat (cost = $30,000, usable for 10 years, 20 outings per year)	$150
Boat Fuel	45
Dock fees and insurance for boat (average per trip)	130
Travel expenses to and from the lake (100 miles @ $0.25 per mile: gas, oil, and tires, $0.18, and depreciation and insurance, $0.07)	25
New fishing equipment purchases this year (Prorated over 20 trips)	25
Annual fishing license	35
Bait and miscellaneous expenses	50
Food	40
Beverages	35
Traffic fine received on the way to the lake	40
Total Cost per trip	$ 575

Answer 1

as per the given question the cost per fish per trip is $28.75
the no of fish caught per trip is $20 the tolat cost per trip = 28.75*20 = 575
cost of boat per trip = $150
cost of boat fuel per trip= $45
cost of dock fees and insurance per trip= $130
cost of travel per trip is = $25
cost of new fishing equipment per trip is $25
cost of annually fishing license per trip =$ 35
cost of bait and miscellNEous exp per trip = $50
cost of food per trip is $ 40
cost of beverage per trip $35
cost of traffic fine per trip $40
total cost incurred per trip is calculate
Total cost '= 150+45+130+25+25+35+50+40+35+40
	= 575
hence the estimate of sitarah id correct