Price variation calculation: (Calculator required)

You are required to assist the Contract Manager to verify the claim submitted.

The contract document states the following conditions:

1. The awarded contract price is R300.00 per unit

2. The contract states the offer is subject to supplier XYZs pricelist variation.

The contractor when submitting his claim provided the following:

a) Old (Original) pricelist from XYZ Supplier at closing date of tender, the price was R2600 per quantity of 10.

b) The new pricelist from XYZ Supplier is R2864.00 per quantity of 10.

Calculate the new contract price due. (illustrate your answer in detail) = (max 5points)