Homework Help is Here – Start Your Trial Now!
Business
Operations Management
The ore of a gold mine in the Itogon Benguet, on the average, 1Kgram of gold per 10 ton. One method of processing costs P100, 500 per ton and recovers 85% of the gold, while another method costs P200,000 per ton and recovers 90% of the gold. If gold can be solid at P2, 500 per gram, which method is better and by how much?

The ore of a gold mine in the Itogon Benguet, on the average, 1Kgram of gold per 10 ton. One method of processing costs P100, 500 per ton and recovers 85% of the gold, while another method costs P200,000 per ton and recovers 90% of the gold. If gold can be solid at P2, 500 per gram, which method is better and by how much?

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
See similar textbooks
icon
Related questions
Question

The ore of a gold mine in the Itogon Benguet, on the average,
1Kgram of gold per 10 ton. One method of processing costs P100,
500 per ton and recovers 85% of the gold, while another method
costs P200,000 per ton and recovers 90% of the gold. If gold can be
solid at P2, 500 per gram, which method is better and by how
much?

Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.
SEE MORE TEXTBOOKS