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What is the profit for the mine in aud

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Reference no: EM132892414

Problem 1: Suppose the Dhumpuma Plateau mine produces 500,000 of bauxite in a particular year. The current price of bauxite is USD 38 per tonne and the AUD/USD exchange rate is 0.7800. However, when the bauxite is delivered, the price has increased to USD 42 per tonne and the exchange rate is AUD/USD 0.8200. What is the profit/loss for the mine in AUD? (Enter your answer as a number rounded to the nearest unit. For example, a profit of AUD 123,456.78 should be entered as 123,457 and a loss of AUD 123,456.78 should be entered as -123,457.)

Reference no: EM132892414

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