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Pfizer (US company) sells a drug in Canada. Sales: CAD 45.0m Variable Costs: USD 10.0m, Euro 1.5m and CAD 2.0m Current exchange rate: CAD 1.25/USD

Pfizer (US company) sells a drug in Canada.

  • Sales: CAD 45.0m
  • Variable Costs: USD 10.0m, Euro 1.5m and CAD 2.0m
  • Current exchange rate: CAD 1.25/USD and USD 1.1/Euro.

  1. Calculate the gross margin in USD: ______
  2. Calculate the gross margin in CAD: ______

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