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given , 1U.A.E Dirham = TZs ( Tanzania shillings)550.00 1. A Tanzanian businessman imported 25,000 watches from Dubai (U.A.E) at a cost 20 UAE Dirhams

given , 1U.A.E Dirham = TZs ( Tanzania shillings)550.00
1. A Tanzanian businessman imported 25,000 watches from Dubai (U.A.E) at a cost 20 UAE Dirhams per watch. He also incurred the following additional expenses. Custom duty in T.sh of 20%, TSh.3,075,000/= Freight and Tsh.4510,000/= insurance charges. Calculate a) Total cost of the consignment in Tanzanian Shilling. b) Selling price per Watch if profit per watch is 25% on cost in Tanzania

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