3. The ABC exporting Company quoted a price USD 800 M/T CIFC2% Mumbay. If the freight costs is USD 80 per M/T, and insurance premium is USD 5 per M/T, the purchasing price of the product is RMB 1200 Yuan per M/T, the domestic direct and indirect costs per M/T will be account for 15% of purchasing price per M/T, please calculate the total costs of export, the net income from the export and the exporting conversion cost of foreign exchange. If the current exchange rate is 6.5 RMB/USD, is it profitable from the export?

3. The ABC exporting Company quoted a price USD 800 M/T CIFC2% Mumbay. If the freight costs is USD 80 per M/T, and insurance premium is USD 5 per M/T, the purchasing price of the product is RMB 1200 Yuan per M/T, the domestic direct and indirect costs per M/T will be account for 15% of purchasing price per M/T, please calculate the total costs of export, the net income from the export and the exporting conversion cost of foreign exchange. If the current exchange rate is 6.5 RMB/USD, is it profitable from the export?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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