A freight forwarder has a weekly consolidated service Mumbai - Marseille, with direct costs as
A freight forwarder has a weekly consolidated service Mumbai - Marseille, with direct costs as follows:
Ocean freight: US $1,250.00/40-ft standard container.
Container loading in Mumbai: US $10.00 per revenue ton.
Marseille unloading: €10.00 per revenue ton.
Exchange rate is = €1.00 US $1.06.
From past experience, the marketing department has determined that they need to load 40 m³ of cargo in a 40-ft standard container to break even and be able to sell to their customers an all-inclusive rate of US $50.00 per revenue ton.
Based on the above shipment details, answer the following scenario: Last week they loaded 30 m³, 20000 kg in their consolidation.
What was the profit /loss on this consolidation?
