Determine whether the price appears to be reasonable

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Reference no: EM133651030

Problem: You are negotiating a contract for a product only produced by one firm. The firm, Landry Products, has offered a unit price of $2,000 per unit for 40 units. That is $500 more than the current commercial price. Landry states that the difference is a new surcharge for government business. The one-time was established to cover a $20,000 loss on a recent government contract. Determine whether the price appears to be reasonable based on the information provided.

Reference no: EM133651030

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