An export company in China exports a 20’ container of socks with 50 cartons inside, 20 sets per carton, the supply price is 52 yuan per set (including 17% VAT, export tax rebate rate is 15%), export...

An export company in China exports a 20’ container of socks with 50 cartons inside, 20 sets per carton, the supply price is 52 yuan per set (including 17% VAT, export tax rebate rate is 15%), export packaging fee is 15 yuan per carton, commercial inspection fee, storage fee, customs clearance fee, domestic transportation and miscellaneous fees, business fees, port fees and other various taxes and fees are 1950 yuan per container, 20-inch Container foreign freight is about $1200, if the transaction is based on CIF, we insure all risks at 110% of the transaction amount, and the premium rate is 0.5%. Now assume that (the exchange rate is 8.3 RMB to 1 USD). (1) We want to get 10% profit (based on the transaction amount), try to calculate the FOB and CIF price of the goods (each set). (2) If the foreigner wants to get a 3% commission, what should be the CFRC3 price

Jun 03, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here