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The catch has been sold at the fish market for the following amounts:
Outgoings before profit:
Wages £1, 840 |
£1,840 |
New Net £768 |
£768 |
Stores £530 |
£530 |
Total |
£3,138 |
Fish market earnings:
2 Liver jars @ £65 each |
£130 |
2 score of cod @ £25 per box |
£1,000 |
6 score of haddock @ £20 per box |
£2,400 |
2 score of small fish @ £15 per box |
£600 |
Total |
£4,130 |
Less Outgoings |
£3,138 |
Grand Total |
£992 |
How much will each member of the crew receive?
Share of the profits:
Skipper 3/8 |
£372 |
Jim’s share 1/4 |
£248 |
Jack’s share 1/8 |
£124 |
Ben’s share 3/16 |
£82 |
David’s share 1/16 |
£246 |
Total |
£992 |