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To keep the same profit margin, pls write the calculation step by step. 1. An exporter in Hangzhou provided the items at a price at

To keep the same profit margin, pls write the calculation step by step. image text in transcribed
1. An exporter in Hangzhou provided the items at a price at USD 500 per M/T CIF Singapore. The importer counter offered FOB price including 3% discount. The freight for Ningbo -Singapore is supposed to be USD 30 per M/T. and insurance premium is USD 5 per M/T. To keep the same export margin, what should the exporter quote a new price based on FOBD3\% Ningbo ? ( 2 points)

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