Determine which method of extraction should be used

Reference no: EM13302942

Ocean water contains 0.9 ounce of gold per ton. Method A costs $220 per ton of water processed and will recover 85% of the metal. Method B costs $160 per ton of water processed and will recover e of the metal. The two methods require the same investment and are capable of producing the same amount of gold each day. If the extracted gold can be sold for $1,350 per ounce, which method of extraction should be used? Assume that the supply of ocean water is unlimited. Work this problem on the basis of profit per ounce of gold extracted.

Reference no: EM13302942

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