Answer:
Unit 1= $12.4 per gallon
Unit 2= $10.375 per gallon
Step-by-step explanation:
Given
[tex]Quantity\ 1= 5\ gallons[/tex]
[tex]Price = \$62.00[/tex]
[tex]Quantity\ 2= 8\ gallons[/tex]
[tex]Price =\$83.00[/tex]
Required
The unit price
The unit price is calculated as:
[tex]Unit = \frac{Price}{Quantity}[/tex]
So, we have:
[tex]Unit\ 1= \frac{Price \ 1}{Quantity\ 1}[/tex]
[tex]Unit\ 1= \frac{\$62.00}{5\ gallons}[/tex]
Unit 1= $12.4 per gallon
[tex]Unit\ 2= \frac{Price \ 2}{Quantity\ 2}[/tex]
[tex]Unit\ 2= \frac{\$83.00}{8}[/tex]
Unit 2= $10.375 per gallon
