Question: Use excel formulas for answers only. Do not use hand written answers. Travel Solutions specializes in trans-Atlantic shipments for businesses through the delivery of containers
Use excel formulas for answers only. Do not use hand written answers.
Travel Solutions specializes in trans-Atlantic shipments for businesses through the delivery of containers between the US and Europe. For every container the company loads on its boats, Travel Solutions estimates the haul costs $2,000. In addition, containers are weighed and for each pound, there are hauling fees of $0.16. ProHaul plans to charge $0.28 per pound to his customers.
- How many pounds would a container have to hold in order for the company to Break Even? (10 pts)
- What would the total revenue be for this? (5 pts)
- The company finds out that to maintain the integrity of its containers, each container could only hold an average of 60,000 pounds. What would the company have to charge customers to make $10,000 in profit on each container? (10 pts)
Use excel formulas for answers only. Do not use hand written answers.
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