If there are x trees, the cost is
375(3/5 x) + 500(2/5 x) = 425x
Not knowing how many trees were harvested, the cost is unknown, but if there were x trees worth $80M, then the tax must be
1/20 ($80M - 425x)
1. If the cost to recover the 60 to 70 foot cypress trees is $375 each and the cost to harvest the larger trees is $500, how much it cost to recover all of the trees if 2/5 of the trees are more than 70 feet long?
4. Because the harvested lumber depletes the amount of natural resource available ti the citizens of North Carolina, the state of North Carolina place an excise tax of 1/20 of all profits earned by lumber companies within the state. If the harvested cypress wood is worth approximately $80,000,000 and the only expense of obtaining the wood is the recovery cost, how much excise tax is owned to North Carolina?
1 answer
1 answer