What should the exporter quote new price base on fobd ningbo, Macroeconomics

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What should the exporter quote new price base on fobd ningbo

Problem

An exporter in Hangzhou provided the items at a price at USD 500 per M/T CIF Singapore. The importer counter offered FOB price including3%discount. The freight for Ningbo -Singapore is supposed to be USD 30 per M/T. and insurance premium is USD 5 per M/T. To keep the same export margin, what should the exporter quote a new price based on FOBD3% Ningbo?

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Macroeconomics: What should the exporter quote new price base on fobd ningbo

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