if 1 once of gold is worth $425. What is the value of 0.001 ounces of gold?

Question

if 1 once of gold is worth $425. What is the value of 0.001 ounces of gold?

Answer 1

This is a ratio question.

 

   1 ounce           .001 ounces

__________  =  ___________ 

      $425                  $x

 

Cross multiply

 

1(x)  =  425 (.001)

 

x  = $0.425