given data:
The price for 1 ounce of gold is 1275.
To find the price for 5 pounds.
1 pound = 16 ounces.
Thus, 5 pound is,
[tex]5\times16=80[/tex]5 pounds = 80 ounces.
let us find the price now,
[tex]80\times1275=102000[/tex]The price for 5 pounds of gold is 102000.