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Question 3) Steve has incorporated a new manufacturing business in New York manufacturin bicycles. The raw materials cost $1000 for a bicycle. Assembling cost is

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Question 3) Steve has incorporated a new manufacturing business in New York manufacturin bicycles. The raw materials cost $1000 for a bicycle. Assembling cost is $1000 per bicycle and tax is 25% on the finished product. He is also considering assembling the bicy a Maquiladora where assembling cost is same as $1000 and tax in also 25%. Find the finished good cost in Maquiladora? How much money would he save if he decides to move to Maquiladora? (2 mark)

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