Find the Unit Cost

question 14

Multiple Choice

Find the unit cost. Round to the nearest tenth of a cent. Adjustable wood clamps, 4 for $11.95

• A) $7.950 per clamp
• B) $0.335 per clamp
• C) $2.988 per clamp
• D) $3.088 per clamp
• E) $8.962 per clamp

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Definitions:

Undue Influence

An improper use of power or trust in a way that deprives a person of free will and substitutes another's objective.

Mutual Mistake

A situation in contract law where all parties involved have a mistaken belief about a basic assumption on which the contract is based, potentially making the contract voidable.

Risk of Loss

The potential for an asset to decrease in value or for an event to cause financial hardship.

Jewelry Store

A retail business establishment specialized in selling jewelry, including rings, necklaces, earrings, and bracelets.