Land Rover has full manufacturing costs of their Evoque crossover of 32,500. They sell the Evoque crossover in the UK with a 15% profit margin. Today the spot exchange rate is $1.3456/ and Land Rover has committed to keeping the U.S. price based on the $1.3456/ cross-rate next six months. If the cross-rate changes to $1.4321/, how much gain or loss will the company experience per every car sale in the U.S. in British pound terms? 2,402.60 1,963.02 2,257.48 3,232.94

Land Rover has full manufacturing costs of their Evoque crossover of 32,500. They sell the Evoque crossover in the UK with a 15% profit margin. Today the spot exchange rate is $1.3456/ and Land Rover has committed to keeping the U.S. price based on the $1.3456/ cross-rate next six months. If the cross-rate changes to $1.4321/E, how much gain or loss will the company experience per every car sale in the U.S. in British pound terms? 52,402.60 1,963.02 2,257,48 3,232.94