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A freight forwarder has a weekly consolidated service Mumbai-Marseille, with direct costs as follows: Ocean freight: US $1,250.00/40-ft standard container. Container loading in Mumbai: US
A freight forwarder has a weekly consolidated service Mumbai-Marseille, with direct costs as follows: Ocean freight: US $1,250.00/40-ft standard container. Container loading in Mumbai: US $10.00 per revenue ton Marseille unloading: C10.00 per revenue ton. Exchange rate is C1.00 US $1.06. From past experience, the marketing department has determined that they need to load 40 m of cargo into a 40-ft standard container to break even and be able to sell to their customers an all-inclusive rate of US $50.00 per revenue ton. Based on the above shipment details, answer the following scenario: Last week they loaded 30 m, 20,000 kg in their consolidation. What was the profit/loss on this consolidation? Select one answer. Profit US $350.00 Loss US $350.00 Profit US $368.00 Loss US $368.00
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