Answer:
It is economical
Step-by-step explanation:
Given data for determining
cost of product = £5 per kg
cost of solvent = £20 per /kg
additional solvent makeup = 10 kg/d
current loss of product = 0.7 kg/h
anticipated recovery of product = 80%
additional service ( utility cost ) = negligible
Determine if it is economical to install the recovery system
cost of product = £5 per kg
cost of solvent = £20 per /kg
additional solvent required = 10 kg / d
cost of additional solvent in a day = £200 / day ( £20 per kg * 10 kg / d )
product lost = 0.7 kg/h
product recovered = 0.7 * 80% = 0.56 kg/h
therefore product recovered in a day = 0.56 * 24 = 13.44 kg / day
Next :
calculate income generated from product recovery
13.44 kg/day * £20 /kg = £268.88 / day
Determine if it is economical
Income - cost
= £268.88 - £200
= £68.88 ( hence it is economical )