How Many Cubic Centimeters of an Ore Containing Only 0

question 67

Multiple Choice

How many cubic centimeters of an ore containing only 0.22% gold (by mass) must be processed to obtain $100.00 worth of gold? The density of the ore is 8.0 g/cm³ and the price of gold is $818 per troy ounce.(14.6 troy oz = 1.0 ordinary pound, called an avoirdupois pound; 1 lb = 454 g)

• A)0.48 cm³
• B)220 cm³
• C)1.4 × 10³ cm³
• D)1.7 × 10³ cm³
• E)1.8 × 10⁴ cm³

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Definitions:

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.

Gross Margin

A financial metric indicating the difference between revenue and the cost of goods sold (COGS), expressed as a percentage of revenue, highlighting the efficiency of a company in managing production costs relative to sales.

Balance Sheet

An overview presenting a company's financial position, including assets, liabilities, and the equity of shareholders at a specified time.

Ratio

A quantitative relationship between two numbers indicating how many times one value contains or is contained within the other.