An exporter offered a price by USD 500 M/T CIF New York. If the freight costs is USD 30 per M/T, and insurance premium is USD 2 per M/T, the purchasing price of the product is RMB 3000 per M/T, the domestic direct and indirect costs per M/T will be account for 15% of purchasing price, please calculate

An exporter offered a price by USD 500 M/T CIF New York. If the freight costs is USD 30 per M/T, and insurance premium is USD 2 per M/T, the purchasing price of the product is RMB 3000 per M/T, the domestic direct and indirect costs per M/T will be account for 15% of purchasing price, please calculate

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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