Mutai imports rice from the United States at initial cost of 500 US Dollars per tonne. He then pays 20% of this amount as shipping costs...

Mutai imports rice from the United States at initial cost of 500 US Dollars per tonne. He then pays 20% of this amount
as shipping costs and 10% of the same amount as custom duty. When the rice reaches Mombasa he has to pay 5% of the initial cost to transport it to Nairobi. Given that on the day of this transaction the exchange rate was 1US Dollar =KSh. 76.60. Calculate the total cost of importing one tonne of rice up to Nairobi in Kenya Shillings.

Answers

sharon kalunda answered the question on May 6, 2019 at 07:25

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