2006-07-15
18:25:35
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16 answers
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asked by
K.I.D.
2
in
Entertainment & Music
➔ Polls & Surveys
HINT: think in terms of investment.
2006-07-15
18:48:54 ·
update #1
Ok. We start with 10 cents in pennies that we could have spent but choose to turn into 30 cents by melting them down because they are worth more melted. The value is 1 melted penny is worth 3 cents. So of course thats 30 cents for the 10 in melted state. So we actually will gain 20 cents more then what we had to spend. Now: the cost to melt them comes out to 7 cents for 3 of them (its not a flat rate but an average). That would be 7 cents divided by 3 pennies which equals 2.33 cents for each. We have 10 to melt so our total cost to melt 10 pennies is 23.33 cents. We forfeit 10 cents to turn into 20 cents via melt down but it costs us 23.33 cents to do it. Answer: profit = -3.33 cents. Wait till fuel prices come down or zink prices go up before ya do that. LOL.
2006-07-17
17:22:32 ·
update #2