Profit made by jeweler from buying and reselling ounces of gold is 140.89 per ounce
Solution:
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
Profit = Reselling price – buying price
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
