Natalie made a deal with a farmer. She agreed to work for an entire year and in return, the farmer would give her $10,200 plus a prize pig.
After working for 5 months, Natalie decided to quit. The farmer determined that 5 months of work was equal to $3375 plus the pig. How much money was the pig worth?
The value of a year's work is $10,200 plus a pig of unknown value. The farmer took away $6825 because Natalie worked 5 months. If Natalie worked 7 more months, she would have been paid the additional $6825.
6825/7 months work = $975 per month
A full year's work is $975 * 12 = $11,700
Pig value = Full years work - payout
Pig value = 11,700 - 10,200
Pig value = 1,500
After working for 5 months, Natalie decided to quit. The farmer determined that 5 months of work was equal to $3375 plus the pig. How much money was the pig worth?
The value of a year's work is $10,200 plus a pig of unknown value. The farmer took away $6825 because Natalie worked 5 months. If Natalie worked 7 more months, she would have been paid the additional $6825.
6825/7 months work = $975 per month
A full year's work is $975 * 12 = $11,700
Pig value = Full years work - payout
Pig value = 11,700 - 10,200
Pig value = 1,500