Profit made by jeweler from buying and reselling ounces of gold is 140.89 per ounce
<u>Solution:</u>
Given that
Price at which jeweler buy gold = 1235.55 per ounce
Price at which jeweler resells gold = 1376.44 per ounce
We need to calculate profit.
Buying price of 1 ounce of gold = 1235.55
Reselling price of 1 ounce of gold = 1376.44
<em>Profit = Reselling price – buying price</em>
So profit on 1 ounce of gold = 1376.44 – 1235.55 = 140.89
Hence profit made by Buying and Selling gold will be 140.89 per ounce
Answer:
2.50
Step-by-step explanation:
30% of 25 is 7.50 take that away from 25 gives you 17.50 take that away from 20 gives you 2.50
I did my math on a piece of paper but the answer would be x= 107/96
Based on the information given the gain or loss percent on the whole transaction is 1%.
<h3>Gain or loss percent:
</h3>
First step is to calculate the profit on the whole transaction
Profit=(8%×8,000)-(6%×8,000)
Profit=$640-$480
Profit=$160
Now let calculate the gain or loss percentage on the whole transaction
Gain or loss percentage=160/(8000+8000)×100
Gain or loss percentage=160/16000×100
Gain or loss percentage=1%
Inconclusion the gain or loss percent on the whole transaction is 1%.
Learn more about gain or loss here:brainly.com/question/25278228