Question

a jeweler buys gold jewelry and resells the gold to a refinery the jeweler buys gold for 1235.55 per ounce and then resells it for 1376.44 per ounce how much profit does the jeweler make from buying and reselling 73.5 ounces of gold

Answer 1

the jeweler bought it for (1235.55 * 73.5) = 90812.925...expenses
and the jeweler sold it for (1376.44 * 73.5) = 101168.34...revenue

profit = revenue - expenses
profit = 101168.34 - 90812.925 = 10355.415 rounds to 10,355.42 <==