2006-07-14 11:40:08 · 13 answers · asked by K.I.D. 2 in Business & Finance ➔ Investing
there is a correct answer so far but gonna give it 24 hours to be fair.
2006-07-14 17:03:38 · update #1
Not much profit, but you make up for it in volume.
2006-07-14 11:42:15 · answer #1 · answered by racingcowboy58 6 · 0⤊ 0⤋
Melted Penny (M) = 3 cents earnings 3M = 7 cents fee 3M = 9 earnings 3M = 7 fee ---------------- 3M = 2 earnings M = 2/3 earnings 10 M = 20/3 earnings 10 melted pennies = about 6 2/3 cents earnings. ==================================== right it is the recommendations bending section. If 3 pennies provides 2 cents earnings, then 9 pennies might want to provide 6 cents earnings. and also you'll imagine that a million left over penny to make 10 melted pennies would provide a million/3 earnings, besides the undeniable fact that it would not, it provides 2/3.. weird and wonderful huh?
2016-11-06 09:29:31 · answer #2 · answered by ? 4 · 0⤊ 0⤋
It costs 7 cents to melt 3 pennies. The pennies cost a total of 3 cents. Total cost for 3 melted pennies is therefore 10 cents. You sell them for 9 cents, you loose!
2006-07-14 11:51:13 · answer #3 · answered by Stewart H 4 · 0⤊ 0⤋
you will make two cents profit for every three pennies melted. Which means that on 9 pennies, you will have made six cents profit. The 10th penny costs 2.33 cents to melt, meaning you will make .66 cents profit on the 10th penny for a total of 6.66 cents...of course, this amount of money is satanic and should be avoided! :)
2006-07-14 11:51:27 · answer #4 · answered by MDPeterson42 3 · 0⤊ 0⤋
Interesting how only one person actually took the raw materials into account. The profit is -3 1/3 cents.
2006-07-14 14:39:16 · answer #5 · answered by C. C 3 · 0⤊ 0⤋
30 cents profit total (10x3)
- 21 cents (to melt 9 of them)
- 7 more cents to melt that last penalty, if it is a flat rate.
2 cents profit.
Tiger Striped Dog MD
2006-07-14 11:45:00 · answer #6 · answered by tigerstripeddogmd 2 · 0⤊ 0⤋
It would be 30 cents.
2006-07-14 11:44:20 · answer #7 · answered by AnnaMarie666 1 · 0⤊ 0⤋
30 cents?
2006-07-14 11:42:01 · answer #8 · answered by Anonymous · 0⤊ 0⤋
you will go in the whole since it costs more to melt them than what they are worth so just leave them as is.
2006-07-14 11:43:49 · answer #9 · answered by flutterflie04 5 · 0⤊ 0⤋
pennies are made of zinc.......... they are not worth 3 cents melted......... it is illegal to destroy us currency......... I got 90 days in the hole for that once
2006-07-14 11:43:48 · answer #10 · answered by Anonymous · 0⤊ 0⤋