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Precious Metal Equations

The document outlines procedures for calculating metal weights and prices in alloys, including unit conversions between different measures. It details formulas for determining metal weight based on alloy quantities, bullion pricing, and surcharge amounts based on percentage or fixed methods. Additionally, it mentions the derivation of the MPV equation from total amount and fab total equations.

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Nikhil Panda
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6 views3 pages

Precious Metal Equations

The document outlines procedures for calculating metal weights and prices in alloys, including unit conversions between different measures. It details formulas for determining metal weight based on alloy quantities, bullion pricing, and surcharge amounts based on percentage or fixed methods. Additionally, it mentions the derivation of the MPV equation from total amount and fab total equations.

Uploaded by

Nikhil Panda
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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1) Unit Conversions :

1 lb
l b ¿ ¿ unit conversion= ¿
14 . 58333 ¿

2) T arget=The percentage of said Metal ∈the Alloy∨Item number

3) Metal weight if Alloy or Item number Unit is matching the Metal Unit (both are TO
or both are lb):

Metal target
 Metal weight= Alloy∨Item number Quantity ×
100
Metal weight if Alloy or Item number Unit is different than the Metal Unit (One is TO
and the other is lb):

Utilize the unit conversion above or any existing unit conversion between Unit of
measure “A” and Unit of measure “B”, and perform cross multiplication to find X, the

unknown in the equation.


Example:
o Item number Quantity = 1

o Item number Unit = TO


o Metal target = 22
o Metal Unit = lb
o Cross multiplication to find the Metal weight:
1 lb X lb ( Unknown−The metal weight∈its ownUOM )
¿= ¿
 14.58333¿ Metal target
Alloy∨item number Quantity × ¿
100
1 lb X lb (Unknown)
¿=
 14.58333¿ 22
1×
100
1 lb X lb ( Unknown )
 ¿= ¿
14.58333¿ 0.22¿
 0.22=14.58333 X
0.22
 X= lb
14.58333
 X =0.0151 lb

4) Bullion price=Bullion mkt × Metal weight

5) Surcharge amount if the Surcharge method is “Percentage”:


Surcharge
 Surcharge amount =Bullion mkt × × Metal weight
100
Surcharge amount if the Surcharge method is “Fixed”:

 Surcharge amount =Surcharge× Metal weight

6) Total metal price=Bullion price+ Surcharge amount

7)

8)

9)

10)

 Please note that PM stands for Precious Metal and BM stands for Base Metal

11)

12)
13)

14)

15) The MPV equation can be derived from the “Total amount” and “Fab total”

equations as follows:

16)

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