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Sheffield Industries purchases Solvate, a chemical compound used in several of its products, from ChemMaster. ChemMaster has just increased the list price of Solvate to

Sheffield Industries purchases Solvate, a chemical compound used in several of its products, from ChemMaster. ChemMaster has just increased the list price of Solvate to $8.00 per gallon. However, because Sheffield purchases a high volume of Solvate, ChemMaster grants the company a 10% discount off the list price. Charges for shipping Solvate from ChemMaster to Sheffield's factory are $700 for a shipment of twenty-five 50-gallon drums. Special storage requirements cost $0.70 per gallon. Calculate Sheffield's standard price for a gallon of Solvate. (Round answer to 2 decimal places, e.g. 3.51.)

Standard price per gallon $enter the standard price per gallon in dollars rounded to 2 decimal places

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