If gold is selling in the U.S. for $1,015 per ounce and if 1 peso = $0.35, then gold should sell for ________ in Mexico.

Name: If gold is selling in the U.S. for $1,015 per ounce and if 1 peso = $0.35, then gold should sell for ________ in Mexico.
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To find the price of gold in Mexico, convert the US price to pesos by dividing the US price by the value of 1 peso in dollars: $1,015 / $0.35 = 2,900 pesos.

If Gold Is Selling in the U