e ore of a gold nine in the Mo ntains, on the average, 0.5 gram of gold per tor thod A of processing cost P1,650 per ton and covers 93% of the gold while Method B costs o 500 per ton and recovers 81% of the gold If

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter17: Long-term Investment Analysis
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Please provide 0007 a step by step solution Engineering Economics
The ore of a gold mine in the Mountain Province
contains, on the average, 0.5 gram of gold per ton.
Method A of processing cost P1,650 per ton and
recovers 93% of the gold while Method B costs only
P1,500 per ton and recovers 81% of the gold. If
gold can be sold at P8,500 per gram, how much will
be the net profit for method A?
Transcribed Image Text:The ore of a gold mine in the Mountain Province contains, on the average, 0.5 gram of gold per ton. Method A of processing cost P1,650 per ton and recovers 93% of the gold while Method B costs only P1,500 per ton and recovers 81% of the gold. If gold can be sold at P8,500 per gram, how much will be the net profit for method A?
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