Example 1 Question: Materials cost for a pair of running shoes made in India: $2.00 Labour costs: 40% of materials cost Legal costs: 5% of (materials cost + labour costs] Total costs before duties: materials cost + labour costs + legal costs = Duties: 18% of total cost Shipping costs: 25% of total cost Landed cost: total cost + duties + shipping costs Retail price: twice the landed cost Solution: Example 2: Question: Materials cost for a pair of running shoes made in Canada: $8.00 Labour costs: 25 times the labour costs in India Legal costs: 5% of [materials cost + labour costs] Total costs before duties: materials cost + labour costs + legal costs Duties: none Shipping Costs: 5% of total cost Landed cost: total cost + duties + shipping costs Retail price: twice the landed cost Solution: Page 1 / 1 - +