The Regal Plumbing Shop had 18 bathroom sinks in their ending ...

[azncindy619]

The Regal Plumbing Shop had 18 bathroom sinks in their ending inventory. The cost of each sink was 182.55. They valued this ending inventory at 3,238.56. If the lower-of-cost-or-market rule was used, what was the market price per unit of this inventory?

Question 2

An electrical supply store bought copper wire with a list price of 26,200. The wholesaler extended a trade discount which made the net price 15,206. What is the trade discount rate to the nearest whole percent?
 A) 32
  B) 58
  C) 42
  D) 49

[zhanghao]

Answer to Question 1

179.92

Answer to Question 2

C