Dawson Mining sold 34,300 oz. of gold in Year 1 at an average price of $320 per ounce. Production was down to 23,750 oz. in Year 2 because of a strike of the miners, but the average price obtained was $360 per ounce. What was the percent change from Year 1 to Year 2 in:
a) The amount of gold produced?
b) The average selling price per ounce?
c) The revenue from the sale of gold?

Question

Quizplus · Accepted Answer

The Answer of Dawson Mining sold 34,300 oz. of gold in Year 1 at an average price of $320 per ounce. Production was down to 23,750 oz. in Year 2 because of a strike of the miners, but the average price obtained was $360 per ounce. What was the percent change from Year 1 to Year 2 in:
a) The amount of gold produced?
b) The average selling price per ounce?
c) The revenue from the sale of gold?

Dawson Mining Sold 34,300 Oz