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Yellowknife Mining Sold 34,300 Oz of Gold in 1992 at an Average

Question 184

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Yellowknife Mining sold 34,300 oz of gold in 1992 at an average price of $320 per ounce. Production was down to 23,750 oz in 1993 because of a strike of the miners, but the average price obtained was $360 per ounce. What was the percent change from 1992 to 1993 in:
a) The amount of gold produced?
b) The average selling price per ounce?
c) The revenue from the sale of gold?

Correct Answer:

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a) -30.76%...

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