A us based car company is planning to sell a compact car in, Financial Management

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A us based car company is planning to sell a compact car in

A US based car company is planning to sell a compact car in India. It costs the car company $5000 to manufacture the car in the US. The company plans to sell the car in India for 240,000 rupees. If IR/$ shifts from 40 to 32 and the company continues to sell car at the same price in rupees, how much company’s market up as % of cost has changed?

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