Question: Please solve the resale price % Problem 2-13 (algorithmic) Question Help Barcelona Machine Tools Oriol D'ez Miguel SRL a manufacturer of heavy duty machine tools
% Problem 2-13 (algorithmic) Question Help Barcelona Machine Tools Oriol D'ez Miguel SRL a manufacturer of heavy duty machine tools near Barcelona, ships an order to a buyer in Jordan. The purchase price is 429.000. Jordan imposes a 13% 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 her 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 ryal, and what is the U.S. dollar equivalent of that price? (Click on the loon to import the table into a Spot Rate Currency Crossrate Jordanian Dinar (J) per euro () Jordanian dinar (JO) per US dollar ($) Saudi Arabian riyal (SRI) per US dollar ($) 0.704 3.747 The spot rate, Saudi Arabian riyal per Jordanian dinar is SRI 5,32244 UD. (Round to five decimal places.) Calculate the resale price to Saudi Arabibelow. (Round to two decimal places) Resale price Purchase price, converted to Jordanian dinar Additional fees due on importation (13%) Total cost, Jordanian dinar Resale fee in Jordan (295) Resale price to Saudi Arabia
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