Remember these facts:
16 ounces = 1 pound 2000 pounds = 1 ton
pounds | tons ----------|--------- 2000 | 1 4000 | 2 6000 | 3 8000 | 4 |
SILVER: $35 per ounce How much is 2 pounds of silver worth? STEP ONE: 2 x 16 to convert pounds to ounces (32 ounces) STEP TWO: 32 x $35 to find value of the silver ($1120) --- GOLD; $275 per ounce How much is 3 pounds of gold worth? STEP ONE: 3 x 16 to convert pounds to ounces (48 ounces) STEP TWO: 48 x $275 to find value of the gold ($13200)