Question

Me and my mom own a business selling goats. Its cost $150 for disbudding and vaccines. Initially each goat costs $275 each. Use system of equations to find the total cost and revenue of my business.

Use system of elimination

Answer 1

Let's denote the number of goats as x. We know that you sold 15 goats, so x = 15.

The cost for each goat is made up of two parts: the initial cost of $275 and the cost for disbudding and vaccines, which is $150. So the total cost for each goat is $275 + $150 = $425.

Hence, the total cost for all the goats is $425 * x.

The revenue from selling each goat is $275, so the total revenue from selling all the goats is $275 * x.

We can write these as two equations:

1. Total Cost (C) = 425x

2. Total Revenue (R) = 275x

Now we can substitute x = 15 into these equations to find the total cost and revenue.

1. C = 425 * 15 = $6375

2. R = 275 * 15 = $4125

So, the total cost of your business is $6375, and the total revenue is $4125.

Answer 2

Explanation:

To find the total cost and revenue of your business, we can set up a system of equations based on the given information.

Let's assume the number of goats you sell is 'x.'

The cost equation can be represented as follows:

Cost = Cost per goat + Cost of disbudding and vaccines

Cost = (275 * x) + (150 * x)

The revenue equation can be represented as follows:

Revenue = Selling price per goat * Number of goats sold

Revenue = Selling price per goat * x

Now, to find the total cost and revenue, we need to know the selling price per goat. If you provide that information, I can help you calculate the total cost and revenue using the system of equations.