Dawson Mining Sold 34,300 Oz

question 177

Essay

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?

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Definitions:

Single-Phase Transformers

Transformers designed to operate on an AC power supply of single phase, meant for transferring electrical energy between circuits.

Transformation

A thorough or dramatic change in form or appearance, often used in reference to energy conversion processes.

Secondary Voltage

The output voltage of a transformer or another device that reduces or increases voltage from the primary voltage supplied to it.

Delta Secondary

A configuration for the secondary winding of a transformer where the ends of the coils are connected to form a triangle-like circuit, allowing it to supply both three-phase and single-phase load currents.