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Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

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Chapter
Section
BuyFindarrow_forward

Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447
Textbook Problem

Catalina Jewelers has 147.25 ounces of 14-carat gold in stock.

a. How many custom necklaces can be manufactured if each requires 2 3 8 ounces of gold?

b. If gold is currently selling for $1,050 per ounce, how much is the gold in each necklace worth?

(a)

To determine

To calculate: The number of custom necklaces that can be manufactured by Catalina jewelers if each necklace requires 238 ounces of gold when Catalina jewelers has 147.25 ounce of 14-carat gold in stock.

Explanation

Given information:

The Catalina jewelers has 147.25 ounce of 14-carat gold in stock and manufacturing of each custom necklace requires 238 ounce of gold.

Formula used:

Step-1 Divide the numerator by denominator.

Step-2 Add a decimal point and zeros, as necessary, to the numerator.

Numerator(dividend)Denominator(divisor)=DenominatorNumerator

Calculation:

Consider the given information that the Catalina jewelers has 147.25 ounce of 14-carat gold in stock and manufacturing of each custom necklace requires 238 ounce of gold

(b)

To determine

To Calculate: The worth of gold in each necklace when selling price of gold is $1,050 per ounce.

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