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Revenue from the sale of the gold

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Reference no: EM131180403

Slave Lake Mining sold 34,000 oz. of gold in Year 1 at an average price of $1160 per oz. As a result of a strike, production was down in Year 2 to 23,750 oz. but the average price per ounce rose to $1280. What was the percent change from Year 1 to Year 2 in the revenue from the sale of the gold? Is this a gain or loss?

Reference no: EM131180403

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