Gold has sold for $523/ounce. How many milligrams of gold could you buy for one cent( 16.0 ounce = 454 grams)
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(454g/16oz)(oz/$523)($/100¢) = _____ g/¢
I might point out that the question is somewhat misleading as gold is sold by the troy ounce and not the avoirdupois ounce. There are 31.103 grams in 1 troy ounce.
1 answer