Question

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

Answer 1

22.96 $ per 1 g of gold

Step-by-step 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 $

Answer 2

$22.92

Step-by-step 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*(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*(655.00)/(1ozGold)=22.92`

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