Assume that Apple buys all components for the iPhone for 30,000 from Japan, assembles them for 800 yuan in China and sells the finished phones for 600 in Europe.

The average exchange rates are as follows:

Country/currency	In US$	Per US$
China yuan	0.14	7.14
Europe euro ()	1.27	0.787
Japan yen ()	0.00862	116
UK pound ()	1.56	0.641

Attempt 1/10 for 10 pts.

Part 1

What is the cost in dollars of producing one iPhone?

Submit

Attempt 1/10 for 10 pts.

Part 2

What is the profit in dollars from selling one iPhone?

Submit

Attempt 1/10 for 10 pts.

Part 3

What would be the dollar profit if the dollar depreciated by 15% against all currencies?