Question

Dan's uncle from Japan promised to give him 35g of gold. The local jewelry exchange will buy gold for $1224 per ounce. How much money can Dan get for selling the gold? Use 1oz = 28g.

a) $1530
b) $1680
c) $1615
d) $1400

Answer 1

Dan can get $1530 for selling his 35g of gold, as he has 1.25 ounces of gold and the exchange rate is $1224 per ounce.

Step-by-step explanation:

To calculate how much money Dan can get for selling the gold, we need to determine how many ounces 35g of gold represents and then multiply that by the current price per ounce. First, we convert grams to ounces using the given conversion rate of 1 ounce = 28g. Then we find out the value by multiplying the price per ounce by the amount of gold in ounces.

Calculation:

• Dan has 35g of gold.
• Using the conversion rate, 1 ounce = 28g, so Dan has 35g / 28g/ounce = 1.25 ounces of gold.
• The jewelry exchange buys gold at $1224 per ounce.
• Therefore, Dan can get 1.25 ounces * $1224/ounce = $1530 for his gold.

Thus, the correct answer is a) $1530.