Question: Swifty, Inc. buys 1,400 computer game CDs from a distributor who is discontinuing those games. The purchase price for the lot is $7,000. Swifty will

Swifty, Inc. buys 1,400 computer game CDs from a distributor who is discontinuing those games. The purchase price for the lot is $7,000. Swifty will group the CDs into three price categories for resale, as indicated below.

Group

No. of CDs

Price per CD

1

300 $5

2

800 10

3

300 15

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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