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Bell, Inc. buys 1,400 computer game CDs from a distributor who is discontinuing those games. The purchase price for the lot is $11,900. Bell will
Bell, Inc. buys 1,400 computer game CDs from a distributor who is discontinuing those games. The purchase price for the lot is $11,900. Bell will group the CDs into three price categories for resale, as indicated below
group | # of CDs | price per cd |
1 | 200 | 6 |
2 | 1000 | 13 |
3 | 200 | 19 |
Determine the cost per CD for each group, using the relative sales value method. (Do not round ratios for computational purposes and round final answers to 2 decimal places, e.g. 5.85.) Group
1 $_______
2 $_______
3 $_______
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