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A farmer buys a hog for $50 and spends $35 to feed the hog to market weight of 220 pounds. The current market price for hogs is $.60 per lb. What is the rate of return on the transaction?

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A farmer buys a hog for $50 and spends $35 to feed the hog to market weight of 220 pounds. The current market price for hogs is $.60 per lb. What is the rate of return on the transaction?






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