can you please do all work in steps on a paper if possible

like just do both problems on a piece of pper

Exercises: Parity conditions in real markets and financial markets EXERCISE 3 (Purchasing Power Parity) During a shopping spree in Hong Kong, J. Smith has bought a tablet for HKD 2,000, jade jewellery for HKD 4,000, and four custom-made suits for HKD 25,000. The spot exchange rate is AUD/HKD 5. a) If PPP held, what should the same tablet, jewellery and suits cost in Australia? b) Suppose Mr Smith is (unexpectedly) stopped at customs as he arrives in Melbourne, and must pay import duties of 20 percent. If the same tablet, jewellery and suits cost AUD 450, AUD 1,500, and AUD 8,000 in Australia, respectively, was his shopping spree worth at least the HKD 10,000 paid for airfare and hotels during his trip