There are two units of an inventory item in stock.The selling price is $400 and the value is $400.What is the individual cost of the item -
A)$100
B)$200
C)$300
D)$400

Question

Quizplus · Accepted Answer

Since the value of the two units is $400 and the selling price is also $400, we know that the individual cost of each unit is at most $200. If the cost of each unit was $100, the value of the two units would only be $200, which is less than the selling price. Therefore, the best choice is B) $200.

There Are Two Units of an Inventory Item in Stock