3. The ore of a gold mine in the province contains, on average, 0.5 ounce of gold per ton. Method A of processing costs 150Php/ton and recovers 93% of the gold, while Method B costs only 120Php/ton and recovers 81% of the gold. If gold can be sold at 1,200/ounce, which method is better and by how much?
3. The ore of a gold mine in the province contains, on average, 0.5 ounce of gold per ton. Method A of processing costs 150Php/ton and recovers 93% of the gold, while Method B costs only 120Php/ton and recovers 81% of the gold. If gold can be sold at 1,200/ounce, which method is better and by how much?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 33P: Assume the demand for a companys drug Wozac during the current year is 50,000, and assume demand...
Related questions
Question
3. The ore of a gold mine in the province contains, on average, 0.5 ounce of gold per ton. Method A of
and recovers 81% of the gold. If gold can be sold at 1,200/ounce, which method is better and by how
much?
a. Method A, by 43Php
b. Method A, by 42Php
c. Method B, by 42Php
d. Method B, by 43Php
e. None of the above
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Recommended textbooks for you
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,