Answer:
$959.69 per oz
Step-by-step explanation:
A gold alloy is produced from pure gold and alloy.
10 oz of pure gold costs $1,288 per ounce
55 oz of alloy costs $900 per ounce
The first step is to add the cost of both the pure gold and alloy together
= (10 oz × $1288)+(55 oz × $900)
= $12,880+$49,500
= $62,380
Therefore the cost per ounce can be calculated as follows
= $62,380/10 oz + 55 oz
= $62,380/65 oz
= $959.69 per oz.
Hence the cost per ounce of the gold alloy is $959.69 per ounce
