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Calculate the selling price of the thai produced cooking

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Question - A Canadian company can make a set of cooking pots using $50 of material $50 of labour and shipping costs of $10. A company in Thailand can make the set of cooking pots for $50 of material and $20 of labour with shipping costs of $20. Assume that the Canadian tariff on cooking pots from Thailand is 50% and the Canadian retailer has a profit margin of 150%. Calculate the selling price of the Thai produced cooking pots that the Canadian retailer will charge.

Reference no: EM132979309

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