The price of gold varies greatly and has been as high as $875 per ounce. What is

Question

The price of gold varies greatly and has been as high as $875 per ounce. What is the value of 250 g of gold at $559 per ounce? Gold is priced by Troy ounces (14.58 Troy ounces =1 lb). The book has the answer as 4500 dollars. I did not get that answer. Please help!
The price of gold varies greatly and has been as high as $875 per ounce. What is the value of 250 g of gold at $559 per ounce? Gold is priced by Troy ounces (14.58 Troy ounces =1 lb). The book has the answer as 4500 dollars. I did not get that answer. Please help!

Explanation / Answer

1 ounce is 28.3495 g

250 grams = 8.81849 ounces

The price is $559 per ounce, so the price of 8.81849 x 8.81849 = $4929.54

So the price of 250 g of gold is $4929.54

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