Question: Gamers World buys 1,000 computer game CDs from a distributor that is discontinuing those games. The purchase price for the lot is $ 8,000. Gamers
Gamers World buys 1,000 computer game CDs from a distributor that is discontinuing those games. The purchase price for the lot is $ 8,000. Gamers World will group the CDs into three price categories for resale, as follows:
| Group | Number of CDs | Price per CD | ||||
|---|---|---|---|---|---|---|
| 1 | 100 | $ 5 | ||||
| 2 | 800 | 10 | ||||
| 3 | 100 | 15 | ||||
Determine the cost per CD for each group, using the relative sales value method. (Round intermediate calculations and final answers to 2 decimal places, e.g. 52.75.)
| Cost per CD | ||
|---|---|---|
| Group 1 | $ enter a dollar amount | |
| Group 2 | $ enter a dollar amount | |
| Group 3 | $ enter a dollar amount |
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
