You have been asked to analyze the bids for 200 polished disks used in solar pan
ID: 399382 • Letter: Y
Question
You have been asked to analyze the bids for 200 polished disks used in solar panels. These bids have been submitted by three suppliers: Thailand Polishing, India Shine, and Sacramento Glow. Thailand Polishing has submitted a bid of 2 comma 800 baht. India Shine has submitted a bid of 2 comma 800 rupee. Sacramento Glow has submitted a bid of $ 280. You check with your local bank and find that $1 = 10 baht and $1 = 8 rupee. The final destination for the disks is New Delhi, India and there is a 40% import tax. Thailand Polishing and Sacramento Glow are based outside of India and India Shine is based in India.
The price per unit (in dollars), including import tax (if any) for Thailand Polishingequals$ ____. (Enter your response rounded to the nearest penny.)
The price per unit (in dollars), including import tax (if any) for India Shineequals$ ___. (Enter your response rounded to the nearest penny.)
The price per unit (in dollars), including import tax (if any) for Sacramento Glowequals$ ___. (Enter your response rounded to the nearest penny.)
Explanation / Answer
$1 = 10 baht and $1 = 8 rupee,
Bid value of Thailand Polishing = 2800 Baht = $280
Import tax ( @40% of bid value ) in India = $280 x 0.4 =$112
Total landed price In India( for 200 disks ) = $280 + $112 =$392
Therefore ,
Price / unit including import tax if any for Thailand Polishing = $392/20 = $19.6
The price per unit ( in Dollars ) , including import tax if any for Thailand Polishing equals = $19.6
Bid value of India Shine for 200 disks in $ terms = 2800 / 8 = $350
No import tax in India is applicable since India Shine is based out of India
Therefore, Price / unit including import tax = $350 / 20 = $17.5
The price per unit ( in Dollars) including import tax ( if any ) for India Shine equals $17.5
Bid value of Sacramento Glow for 200 disks = $280
Import tax ( @40% of the bid value ) in India = $112
Total price for 200 units including import tax = $280 + $112 = $392
Therefore, price / unit including import tax = $392/20 = $19.6
The price per unit (in Dollars) including import tax ( if any) for Sacramento Glow equals $19.6
The price per unit ( in Dollars ) , including import tax if any for Thailand Polishing equals = $19.6
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