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Exercise 5-2 Oriole Industries purchases Solvate, a chemical compound used in several of its products, from ChemMaster. ChemMaster has just increased the list price of

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Exercise 5-2 Oriole Industries purchases Solvate, a chemical compound used in several of its products, from ChemMaster. ChemMaster has just increased the list price of Solvate to $6.50 per gallon. However, because Oriole purchases a high volume of Solvate, ChemMaster grants the company a 19 percent discount off the list price. Charges for shipping Solvate from ChemMaster to Oriole's factory are $110 for a shipment of twenty-five 41-gallon drums. Special storage requirements cost $0.51 per gallon. Calculate Oriole's standard price for a gallon of Solvate. (Round answer to 2 decimal places, e.g. 3.51.) Standard price per gallon Click if you would like to Show Work for this question: Open Show Work

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