Question: 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

Rupert fish sells average fish for $ 12.00 which it purchases from

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

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