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During a shopping spree in China, C . Dundee has bought a Sony CD boom box ( with woofers and tweeters ) for C Y

During a shopping spree in China, C. Dundee has bought a Sony CD boom
box (with woofers and tweeters) for CY2,000, jade jewelry for CY4,000, and
four custom-made suits for CY25,000. The spot exchange rate is CY : AUD=5.
(a) If PPP held, what should the same boom box, jewelry, and suits cost in
Australia?
(b) Suppose Mr Dundee is (unexpectedly) stopped at customs as he arrives in
Melbourne, and must pay import duties of 20 percent. If the same boom box,
jewelry, and suits cost AUD 450, AUD 1,500, and AUD 8,000 in Australia,
respectively, was his shopping spree worth at least the HKD 10,000 paid for
airfare and hotels during his trip?
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