Lao is farming chickens. He can sell each chicken for $1.50. A bag of chicken feed weighs 20 pounds and costs $2. Each chicken will need 2 pounds of feed from the time it hatches to the time he sells it. If he makes $65 profit from selling chickens, how many did he sell?
Thoughts? Step-by-step reasoning:
A bag of feed is enough for 10 chickens because 20 / 2 = 10. Each chicken costs $.2 to raise because 2 / 10 = .2. Each chicken results in $1.3 of profit because 1.5 - .2 = 1.3. He sells 50 chickens because 65 / 1.3 = 50.
Thus, the answer is 50.