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11 December, 06:13

A jeweler buys gold jewlryand resells the gold to refinery. the jewers buys gold for 1235.55 per ounce, and then resells it for 1376.44 per ounce. How much pfofit does the jeweler make from buying and reselling 73.5 ounce of gold

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  1. 11 December, 06:36
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    Cost to buy 1235.55 x 73.5 = 90,812.93

    earned from selling 1376.44 x 73.5 = 101,168.34

    101,168.34 - 90,812.93 = 10,355.41 in profit
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