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Changing the pricing system, ABC US marks up the widgets leaving the US for Cayman by 35%, and Cayman applies a mark-up of 35%. From
- Changing the pricing system, ABC US marks up the widgets leaving the US for Cayman by 35%, and Cayman applies a mark-up of 35%. From the profit ABC US generates, it must pay 20% in taxes.
- What does ABC Cayman pay for the shipment? In USD and in KYD?
- What does ABC Cayman pay for the shipment? In USD and in KYD?
- What is the duty in KYD?
- How much profit does ABC US make on this transaction?
- What is the retail price charged for each widget? (in USD and KYD)
- What is the tax (including duty) paid as a percentage of total sales?
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