A truckload of materials was purchased for $ 36,000. They were sorted out into the following grades whose Market rate is shown as under: No. of Units Selling rate per unit Grade X 5,000 $ 4.80 Grade Y 3,000 $ 4.00 Grade Z 2,000 $ 2.00 Find out the purchase rate per unit of each grade of the material assuming all grades yield the same rate of profit.

A truckload of materials was purchased for $ 36,000. They were sorted out into the following grades whose Market rate is shown as under: No. of Units Selling rate per unit Grade X 5,000 $ 4.80 Grade Y 3,000 $ 4.00 Grade Z 2,000 $ 2.00 Find out the purchase rate per unit of each grade of the material assuming all grades yield the same rate of profit.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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