Graymont industries purchases solvate a chemical compound, Ask an Expert

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Graymont Industries purchases Solvate, a chemical compound used in several of its products, from ChemMaster. ChemMaster has just increased the list price of Solvate to $6.10 per gallon. However, because Graymont purchases a high volume of Solvate, ChemMaster grants the company a 14 percent discount off the list price. Charges for shipping Solvate from ChemMaster to Graymont's factory are $130 for a shipment of twenty-five 49-gallon drums. Special storage requirements cost $0.59 per gallon.

Calculate Graymont's standard price for a gallon of Solvate.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9967590

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