Barcelona Machine Tools, Oriol D'ez Miguel S.R.L, a manufacturer of heavy duty machine tools near Barcelona, ships an order to a buyer in Jordan. The purchase price is €424,000. Jordan imposes a 12% import duty on all products purchased from the European Union The Jordanian importer then re-exports the product to a Saudi Arabian importer, but only after imposing its own resale fee of 29%. Given the following spot exchange rates on April 11, 2010, what is the total cost to the Saudi Arabian importer in Saudi Arabian tiyal, and what is the U.S. dollar equivalent of that price? (Click on the icon to import the table into a spreadsheet) Currency Crossrate Jordanian dinar (JD) per eura (€) Jordanian dinar (JD) per U.S. dollar ($) Saudi Arabian rival (SRI) per US dollar ($) CTD The spot rate,Saudi Arabian riyal per Jordanian dinar is SRI 5 29887 /JD. (Round to five decimal places) Calculate the resale price to Saudi Arabia below (Round to two decimal places.) Resale price Purchase price, converted to Jordanian dinar Additional fees due on importation (12%) Total cost, Jordanian dinar Resale fee in Jordan (29%) Resale price to Saudi Arabia JD JD Spot Rate 0.961 0.706 3,741 JD JD JD

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