Question
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
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 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)
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Basic Econometrics
Authors: Damodar N. Gujrati, Dawn C. Porter
5th edition
73375772, 73375779, 978-0073375779
