The selling price of imported olive oil is $20 per case. Your cost is 15 Euros per case, and the exchange rate is currently 1.25, so it takes 1.25 Euros to buy $1. Your largest customer has ordered 15,000 cases of olive oil. How much is the pretax profit for this transaction?

Multiple Choice

•  

  $90,000

•  

  $100,000

•  

  $80,000

•  

  $120,000

•  

  $60,000

Answer rating: 100% (QA)

Answer 120000 Cost per ... View the full answer