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A cowboy agreed to work for one year for $19200 plus a horse. He quit after 7 months and was paid $10450 plus a horse. How many dollars was the horse worth, if the paid salary reflects the fair proportion of his yearly salary?

 
 Nov 22, 2020
edited by Guest  Nov 22, 2020
 #1
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19200  * (7/12)   = 11200  =  proportional pay for  7 months

 

Value of horse =   11200 -10450   = $750

 

 

cool cool cool

 
 Nov 22, 2020
 #2
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thats incorrect

 
Guest Nov 22, 2020
 #3
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Let the worth of the horse =H

 

[19200 + H] / 12 * 7 =10450 + H, solve for H

 

H =1,800 dollars - worth of the horse.

 

Note: You could also set up a system of equations as follows:

 

[19200 + H] =12M [M =Months]..........(1)

[10450 + H] =7M...................................(2), solve for H, M

 

H = 1,800 dollars - Horse's worth.

M =1,750 - his gross monthly compensation[19200/12 + 1800/12 =1,750]

 
 Nov 22, 2020

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