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 3,600 baht. India Shine has submitted a bid of 3,600 rupee. Sacramento Glow has submitted a bid of $360. 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 30​% import tax. Thailand Polishing and Sacramento Glow are based outside of India and India Shine is based in India.

Answer 1

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The price per unit (in dollars), including import tax (if any) for Thailand Polishing = $2 (rounded to the nearest penny)

Thailand Polishing Bid is of 3,600 Baht

As per the local bank $1=10 Baht

So in $ Thailand Polishing Bid is 3600/10 = $360

Import Tax in India is 30%, so it would be $360 X 30% = $ 108

So total bid including import tax for Thailand Polishing: $360 + $108= $ 468

Bid is for 200 units of Polished disks

So the price per unit would be $468/200 = $2.34 i.e $2 (Rounded to the nearest penny)