Question

Several years ago, Adriana bought some gold at a price of $1,530 per ounce. When she went to sell it, the gold was worth 40% more than it was when she purchased it. What was the new value of the gold?​

Answer 1

Adriana bought the gold at $1,530 per ounce and the gold has increased by 40%, so the new value of the gold is:

$1,530 * (1 + 0.40) = $1,530 * 1.40 = $2,142

Therefore, the new value of the gold is $2,142 per ounce.

Explanation: