SOLUTION: The following information was reported in an article in a newspaper. A sheriff reported that investigators found 6.5 kilograms of cocaine in a car belonging to a man who lives in V

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Question 1107313: The following information was reported in an article in a newspaper. A sheriff reported that investigators found 6.5 kilograms of cocaine in a car belonging to a man who lives in Virginia. This is a significant amount of cocaine, having a street value of about $1.2 million dollars.
What is the street value of a pound of cocaine? (Round your answer in dollars to the nearest whole number.)
$
per pound
What is the street value of an ounce of cocaine? (Round your answer in dollars to the nearest whole number.)

Answer by Boreal(15235)   (Show Source): You can put this solution on YOUR website!
1200000/6.5=$184,615.39 per kg
divide by 2.2 for pounds $83,916 per pound.
divide by 16 for ounces, $5245 per ounce.

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