1. Rupert fish sells average fish for $ 12.00 which it purchases from various individuals for $ 5.00 each. Rupert fish has to pay $ 1,000.00 for rent every month, utilities of $ $500.00 and salary of $ 12,000 every month. The income tax rate is 10%. ( 10 marks)

1. How many fish does Rupert fish need to sell to breakeven per month?
2. How many fish does Rupert fish needs to sell to get operating income of $ 5,000
3. How much fish does Rupert fish needs to sell to get after tax net income of $ 4,900. Assume tax rate as 11%