How to Make Money from 100 Goats: An Inspirational Journey
How did a man make money from 100 goats?
After raising 100 goats, what series of transactions did the man enter into?
Answer:
The man made a total of $9,625 from the 100 goats.
To calculate the amount of money the man made from the 100 goats, we need to go through each step of the transactions:
- First, the man traded all the goats for sheep at an exchange rate of 5 goats for 7 sheep. Since he had 100 goats, he received 140 sheep (100 goats * 7 sheep/goat = 700 sheep).
- Next, he exchanged all of the sheep for hogs at a rate of 4 sheep for 2 hogs. Since he had 140 sheep, he received 70 hogs (140 sheep / 4 sheep/hog = 35 hogs * 2 hogs/sheep = 70 hogs).
- Each hog weighed 250 lbs., so the total weight of the hogs was 70 hogs * 250 lbs./hog = 17,500 lbs.
- Finally, he sold all the hogs at a market price of $55 per 100 lbs. To calculate the total amount of money he made, we need to determine the total weight of the hogs in 100 lbs. units. Since 17,500 lbs. is equivalent to 175 units of 100 lbs., the total amount of money he made is $55 * 175 = $9,625.
Through strategic trading and selling, the man was able to turn his initial investment of 100 goats into a substantial profit. This inspiring story shows the power of smart financial decisions and perseverance in achieving success.