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Current Attempt in Progress Vaughn Industries purchases Solvate, a chemical compound used in several of its products, from ChemMaster. ChemMaster has just increased the
Current Attempt in Progress Vaughn Industries purchases Solvate, a chemical compound used in several of its products, from ChemMaster. ChemMaster has just increased the list price of Solvate to $6.00 per gallon. However, because Vaughn purchases a high volume of Solvate, ChemMaster grants the company a 14% discount off the list price. Charges for shipping Solvate from ChemMaster to Vaughn's factory are $300 for a shipment of twenty-five 50-gallon drums. Special storage requirements cost $0.70 per gallon. Calculate Vaughn'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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