Real-Life Math -- Solution
Your total yearly costs for keeping the bulls is:
$250 x 20 x 12 = $60,000
To make a profit of $10,000 this year, you need to bring in $70,000. You've already made $67,500 so far. You need to bring in another $2,500 in fees.
If you go to the first rodeo, you'll likely make:
20 bulls x 2 bucks per bull x $70 per buck = $2,800
If you go to the second rodeo, you'll likely make:
10 bulls x 2 bucks per bull x $65 per buck = $1,300
10 bulls x 1 buck per bull x $65 per buck = $650
Total = $1,950
If you go to the third rodeo, you'll likely make:
15 bulls x 1 buck per bull x $80 per buck = $1,200
You can go to the first rodeo and make an extra $300.