Why is a hundredweight 112 pounds?

Related questions

1. What is the difference between us pounds and UK pounds?
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1. #america
2. #certain
3. #contracts
4. #commodities
5. #equal
6. #abbreviated
7. #kingdom
8. #pounds
9. #trading
10. #short
11. #united
12. #north
13. #known
14. #weight
15. #measurement
16. #hundredweight