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
Your using the distributive property in your example, hope that helps.
A) 859.32/8= 107.415=108 tickets
B) 980.68/8= 122.585=123 tickets
How ever many times it goes into 100