Question

Calculate the cost of 1.00 g of gold if the price gold is 655.00 per oz

Answer 1

Answer:

$22.92

Explanation:

To solve this problem, you should convert the units to have the same in each quantity.

First we are going to convert from grams (g) to ounces (oz):

$1.00g*\frac{1oz}{28.34g}=0.035oz$

It means that there are 0.035 ounces in 1 gram.

Then you should multiply that value by the price of gold that is given in ounces (oz):

$0.035ozGold*\frac{655.00}{1ozGold}=22.92$

That is the price of 1.00 gram of gold is $22.92

Answer 2

Answer:

22.96 $ per 1 g of gold

Explanation:

We know that 1 g is equal to 0.035 oz.

Now we formulate the following reasoning:

if         1 oz of gold have a value of 655 $

then    0.035 oz of gold have a value of X $

X = (0.035 × 655) / 1 = 22.96 $