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What is the profit-loss for the mine in AUD

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Question - 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?

Reference no: EM132937827

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