answersLogoWhite

0

Approximately 33¢ per troy ounce.

To work it out you would take the following steps:

1 troy ounce = 31.1 grams

There are many different bronze alloys but modern bronze is typically 88% copper and 12% tin.

Today copper is around $4.00 (for simplicity)

Today tin is around $12.00 (for simplicity)

Pounds to troy ounces = 1 pound = 14.5833333 troy ounces

So the final calculation

Copper is $4 / (divided by) 14.5833333 = 0.2742857205551022 about 27c

Tin is $12 / (divided by) 14.5833333 = 0.8228571616653066 about 82c

88% copper (from the above alloy percentage) = 27c/100x88= 23c

12% tin (from the above alloy percentage) = 82c/100x12= 10c

Final answer 1 troy ounce of the alloy bronze at today's spot price is approximately 23¢+10¢ = 33¢

User Avatar

Wiki User

14y ago

What else can I help you with?