Posted by anoynomous on Sunday, March 10, 2013 at 11:36pm.
If the smith was honest, you want
pi (.05)^2 * 76 >= 0.95 pi (1)^2 * .2
.19 >= .19
Looks like the smith was honest.
from where .95 comes
5% waste means at least 95% of the metal must be left after working on it.
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