Q 13: A retailer imports Lemoncella hard filled candies from Italy. The price in Italy is EUR 1.56. (Due to the Canada EU Free Trade Agreement, there is no duty payable on the product.) The exchange rate is CAD 1.56. Due to the costs incurred to import the product to Canada, the retailer uses the 55.00 %. As a result of the post-Brexit chaos in Europe, the Euro loses value against the Canadian dollar and the rate changes to CAD 1.37. The retailer wants to try to make a bit more profit on its sales of the Lemoncella candies, and so has a 60 %.

You need to calculate the following.

-The original cost price in CAD

-The original retail price in CAD

-The new cost price in CAD

-The new retail price in CAD