# SOLUTION: Suppose gold is selling at \$375/ounce. How many milligrams of gold could you buy for one cent?

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 Click here to see ALL problems on test Question 213762: Suppose gold is selling at \$375/ounce. How many milligrams of gold could you buy for one cent?Answer by Alan3354(30993)   (Show Source): You can put this solution on YOUR website!Suppose gold is selling at \$375/ounce. How many milligrams of gold could you buy for one cent? -------------- 1 oz = 28.349523125 grams = 28349.523125 milligrams (\$0.01/\$375)*28349.523125 = 0.77599 milligrams or 776 micrograms ---------- Gold is \$995 per ounce, btw