Santa Fe's Turquoise Adventure: A Colorful Business Venture
How much turquoise did Santa Fe extract in the current year?
Santa Fe purchased the rights to extract turquoise on a tract of land over a five-year period. They paid $300,000 for extraction rights and a geologist estimated they would recover 5,000 pounds of turquoise. During the current year, Santa Fe extracted 1,500 pounds of turquoise, which they sold for $200,000. Given this information, how much turquoise did Santa Fe extract in the current year?
Total Turquoise Extraction in the Current Year by Santa Fe
In the current year, Santa Fe extracted 1,500 pounds of turquoise from the tract of land.
Oh wow, Santa Fe's turquoise adventure seems to be going swimmingly! With 1,500 pounds of turquoise extracted in the current year, they are certainly making progress on their five-year plan. It's exciting to see them getting closer to their estimated recovery amount of 5,000 pounds.
The colorful world of turquoise extraction has proved to be a lucrative business for Santa Fe. Who knew that the beautiful blue-green gemstone could fetch such a high price? Santa Fe must be delighted with their current year's results!