How Much Money Did Jason Make From 60 Goats?
How much money did Jason make by trading goats for sheep and hogs?
Jason raised 60 goats and traded them for sheep and hogs. How much money did he make in total?
Jason's Earnings from 60 Goats
Jason began with 60 goats and entered into a series of transactions where he traded the goats for sheep and then the sheep for hogs. Let's calculate his earnings step by step:
1. Trade 60 goats for sheep: 60 goats * 7 sheep / 5 goats = 84 sheep
2. Trade 84 sheep for hogs: 84 sheep * 2 hogs / 4 sheep = 42 hogs
3. Total hogs weight: 42 hogs * 250 lbs. = 10,500 lbs.
4. Total earnings from selling hogs: 10,500 lbs. / 100 lbs. * $55.00 = $5,775
Therefore, Jason made $5,775 from the 60 goats he started with.
Jason's total earnings from the 60 goats he raised amounted to $5,775. This was achieved by trading the goats for sheep and then the sheep for hogs, which he later sold in the market for $55.00 per 100 lbs. Here's a breakdown of how Jason arrived at his final earnings:
First, Jason traded the 60 goats for sheep at an exchange rate of 5 goats for 7 sheep. This resulted in a total of 84 sheep. Next, he exchanged the 84 sheep for hogs at a rate of 4 sheep for 2 hogs, weighing 250 lbs. each. This exchange gave him a total of 42 hogs.
The combined weight of all 42 hogs was 10,500 lbs. When Jason sold all the hogs at a price of $55.00 per 100 lbs., he made a total of $5,775. This amount represents the money he made from his initial investment in the 60 goats.
By effectively managing his transactions and making profitable exchanges, Jason was able to turn his investment in goats into a significant financial gain. This example demonstrates the importance of strategic decision-making and understanding exchange rates in maximizing profits from business transactions.