Real-Life Math -- Solution
1. How much is your trip going to cost?
Cost = (37 x 4 x 2) + 300 + (82 x 2) + 262 + (2.50 x 4) + (30 x 3)
Cost = 296 + 300 + 164 + 262 + 10 + 90
Cost = $1,122
The trip will cost $1,122.
2. First place at the biggest of the 3 rodeos will earn you $4,800. If you won first place, how much of the prize money would you have left after expenses?
$4,800 - $1,122 = $3,678
You would have $3,678 left after expenses.
3. If another rodeo performer travels with you to share costs, how much will the trip cost each of you?
Share = (296 / 2) + (300 / 2) + 164 + 262 + 10 + 90
Share = 148 + 150 + 164 + 262 + 10 + 90
Share = $824
If two of you travel together, the trip will cost $824 each.
Some rodeo performers use math skills for working out budgets like the one above. It's not an essential skill, but being able to handle your personal finances is useful.
"I think that's the big thing, especially when you're going on a long road trip," says calf roper Todd Gallais. "You have to take into account your fuel, your food, and your lodging."
By working out a budget, a rodeo performer can see if a trip is worthwhile. However, most rodeo performers do it because they love it, not because they make money.
"I think you're doing well if you break even," Gallais says.