Business, 28.10.2020 14:50 LuluMathLover101

Question 1: Problem solving (14 Marks) A handicraft products trader is selling leather cases for $40 the unit. To run his business, he needs to pay $10000 for rent, $5000 salaries, and another $5000 for marketing campaigns. The handicraft trader has the choice to import his products from different countries, and it will cost him $20 per unit if the product comes from China, $25 per unit if the product comes from India, and $15 per unit if the product comes from Malaysia.

Questions:

1. compute the trader’s profit if he imports only from China and sells 500 then 2000 units. Explain the obtained results. (3 Marks)
2. What is the trader total cost from importing 100 units from Malaysia and 200 units from India ? (2 Marks)
3. If the trader decides to import only from China, how many units he should sell to reach a profit of $2000? (2 Marks)
4. If the trader wants to reach a positive profit in case of selling 900, 110, and 1500 units, then from where he should import his products for each case. (2 Marks)

Answers: 1

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Question 1: Problem solving (14 Marks) A handicraft products trader is selling leather cases for $4...

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