SOLUTION: The amount of gold jewelry and other products is measured in karats (K), where 24K represents pure gold. The mark 14K on a chain indicates that the ratio between the mass of the go

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Question 182361: The amount of gold jewelry and other products is measured in karats (K), where 24K represents pure gold. The mark 14K on a chain indicates that the ratio between the mass of the gold in the chain and the mass of the chain is 14:24. If a gold ring is marked 18K and it weighs 0.4 oz, what is the value of the gold rinf if pure gold is valued at $300 per oz?
Answer by ankor@dixie-net.com(22740) About Me  (Show Source):
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The amount of gold jewelry and other products is measured in karats (K), where 24K represents pure gold. The mark 14K on a chain indicates that the ratio between the mass of the gold in the chain and the mass of the chain is 14:24. If a gold ring is marked 18K and it weighs 0.4 oz, what is the value of the gold ring if pure gold is valued at $300 per oz?
:
18%2F24 * .4 * 300 = $90.00