Question: 1. University Trailer Sales Company sold 352 utility trailers during a recent year. If the gross annual sales for the company was $324,800, what was the average selling price for each trailer?
2. An acre of ground is a square piece of land that is 210 feet on each of the four equal sides. Fencing can be purchased in 50-foot rolls for $49 per roll. You are making a bid to install the fencing at a cost of $1 per foot of fencing plus the cost of materials. If the customer has bids of $1,700, $2,500, and $2,340 in addition to your bid, decide if your bid is the low bid for the job to determine if you will likely get the business.