Profit made by jeweler from buying and reselling ounces of gold is 140.89 per ounce
<u>Solution:</u>
Given that
Price at which jeweler buy gold = 1235.55 per ounce
Price at which jeweler resells gold = 1376.44 per ounce
We need to calculate profit.
Buying price of 1 ounce of gold = 1235.55
Reselling price of 1 ounce of gold = 1376.44
<em>Profit = Reselling price – buying price</em>
So profit on 1 ounce of gold = 1376.44 – 1235.55 = 140.89
Hence profit made by Buying and Selling gold will be 140.89 per ounce
Per capita means per head or per person.
now, if a country has a small GDP hmmm say for the sake of example, $1000, and it has 1000 residents, then the per capita is $1000/1000 or a buck each.
now, $1000 is a really tiny GDP, but, if the population is say hmm 20 folks only, then the per capita amount is $1000/20, or $50 per person, now, that's a large "per capita" figure, more so than $1 per person, even though the GDP never changed, it was all along $1000.
so, if the population is comparitively small, the per capita is large, I think a good example of that is Switzerland.
sidenote:
bear in mind that per capita figures are very misleading, since you could have a tiny portion of the population making huge amounts and others making little, like in the US, and the per capita is very inaccurate to reflect the economy wealth distribution.
Answer:
Jody walks at a faster rate because it would take Amir 30 minutes to walk a mile and Jody approximately 26.6 minutes to walk a mile.
Answer:
4.5 % alloy
Step-by-step explanation:
Let x = amt of 30% alloy
The resulting total is to be 25 oz, therefore:
(25-x) = amt of 5% alloy:
A typical mixture equation:
.30x + .05(25-x) = .20(25)
.30x + 1.25 - .05x = 5 .30x - .05x = 5 - 1.25
.25x = 3.75
x = 3.75%2F.25
x = 15 oz of 30% alloy required
then
25-15 = 10 oz of 5% alloy:
Check solution
.30(15) + .05(10) = .20(25)
4.5 + .5 = 5
(4 - X)
