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Marin, Inc. buys1,200computer game CDs from a distributor who is discontinuing those games. The purchase price for the lot is $8,600. Marin will group the
Marin, Inc. buys 1,200 computer game CDs from a distributor who is discontinuing those games. The purchase price for the lot is $8,600. Marin will group the CDs into three price categories for resale, as indicated below.
Group # of cd's Price per cd
1 100 $6
2 800 11
3 300 17
Determine the cost per CD for each group, using the relative sales value method. (Do not round ratios for computational purposes. Round final answers to 2 decimal places, e.g. 5.85.)
Group Cost per CD
1 =
2 =
3 =
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