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Bonita Industries purchases Solvate, a chemical compound used in several of its products, from ChemMaster. ChemMaster has jus increased the list price of Solvate to
Bonita Industries purchases Solvate, a chemical compound used in several of its products, from ChemMaster. ChemMaster has jus increased the list price of Solvate to $12.00 per gallon. However, because Bonita purchases a high volume of Solvate, ChemMaster grants the company a 10% discount off the list price. Charges for shipping Solvate from ChemMaster to Bonita's factory are $500 shipment of twenty-five 50-gallon drums. Special storage requirements cost $0.80 per gallon. Calculate Bonita's standard price for a gallon of Solvate. (Round answer to 2 decimal places, e.g. 3.51.) Standard price per gallon
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