Question: To keep the same profit margin, pls write the calculation step by step. 1. An exporter in Hangzhou provided the items at a price at

To keep the same profit margin, pls write the calculation step by step.

1. An exporter in Hangzhou provided the items at a price at USD 500 per M/T CIF Singapore. The importer counter offered FOB price including 3% discount. The freight for Ningbo -Singapore is supposed to be USD 30 per M/T. and insurance premium is USD 5 per M/T. To keep the same export margin, what should the exporter quote a new price based on FOBD3\% Ningbo ? ( 2 points)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

etample, if your student mumber is 121 is 110 yuan per set; if your student dinnerware per set is lyuan per set). herelevant fee of packing, inspecting, domestie ramotaion d fees for the whole lot of...

An exporter in Hangzhou provided the items at a price at USD 500 per M/T CIF Singapore. The importer counter offered FOB price including3%discount. The freight for Ningbo -Singapore is supposed to be...

dear i want to do a report for my financial project, the report should contains company as introduction, and analyze some ratios and some recommendation. FIN 600: Advanced Financial Management Summer...

Utilizing the text book,pages 264-278. In paragraph (1) Identify one country that has a current and excessive Trade Surplus. Identify the products that are responsible for the Trade Surplus, you may...

Utilizing the text book,pages 264-278 In paragraph (1) Identify one country that has a current and excessive Trade Surplus. Identify the products that are responsible for the Trade Surplus, you may...

please answer question 1,2,3,4,5 DA2 Risk For Students(2) (1) QSearch Sheet AutoSave FF Review View DComments Home Insert Draw Page Layout Formulas Data Share _ 4 AY Insert vA A General Calibri...

I need someone to help me this attached assignment NOTE. the format the analysis have to be in right? I have attached a picture of horizontal analysis of the balance sheet Objective: to obtain...

ACC 3010 PROJECT 3 PART 3 WINTER 2020 Due April 23 before 5pm - You must submit your completed excel file to the submission link on Canvas. Your file must be named correctly - "Your name (first and...

I need help understanding this project... Submit the Ratio Analysis portion of the final project. For this milestone, you will be analyzing the financial performance of Starbucks using the financial...

Legacy Company manufactures umbrellas and has the following information available for the month of May: Work in process, May 1 (100% complete for materials, 87% for conversion) 76,000 units Direct...

How much would Barry have at retirement if he had started this plan at age 25?

This is concept box 1 7 . 1 : I. Physical Characteristics Goal: To provide a preliminary development plan and financial analysis to determine whether a large - scale residential lot development can...

Prof. Jian - yu Fisher Ke 6 . Which concept is the major difference in the definition between logistics and supply chain management? A ) Planning the efficient distribution flow B ) Conforming to...

13.2 Discuss workplace safety programs. Summarize the problems associated with workplace bullying and violence.

What is the purpose of the Occupational Safety and Health Act?

Discuss globalization issues for small to medium-sized businesses.