Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

! 1. The III. Calculation of the prices, profit and the dlle 0l plil Shanghai off e exporter in Shanghai offered a price with USD

image text in transcribed

! 1. The III. Calculation of the prices, profit and the dlle 0l plil Shanghai off e exporter in Shanghai offered a price with USD 800 per MIT CIF requested a revised FOB price including 2% commission. Supposed the freight for Shanghai - London was USD 60 per MT. and the insurance premium is USD 10 per M/T. To keep the same London. The importer export revenue, what would be the new offered FOBC2% price ? ( 4 points) . Exporter's offer is USD 60000 M/T FOB Yangshan, importer's counter offer charges 2% discount at FOB New York basis. Meanwhile, the broker charged 1.5% commission. Please calculate the discount and commission granted in the business. (4 Points)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals Of Auditing

Authors: Basu

1st Edition

8131728854, 978-8131728857

More Books

Students also viewed these Accounting questions