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Answer:
a. The number of custom necklaces that can be manufactured if each requires 2 7/8 ounces of gold is 74 necklaces.
b. The value of the gold in each necklace is $1761
Step-by-step explanation:
(a) Number of necklaces
2 ounces of gold=2.875
No of necklaces=212.75oz x 1 necklaces/2.875oz
=74 necklaces
(b)Value of gold in each necklace
There are 2.875 oz of 14K gold in each necklace. Pure gold is 24K.
Mass of pure gold=2.875oz x 14k/24k
=1.677083oz
Pure 24K gold is worth $1050/oz.
Value of pure gold=1.677oz x 1050/1oz
= 1760.9 dollars
The value of the gold in each necklace is $1761
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