You have been asked to analyze the bids for 200 polished disks used in solar pan

Question

You have been asked to analyze the bids for 200 polished disks used in solar panels. These bids have been submitted by three suppliers: Thailand Polishing, India Shine, and Sacramento Glow. Thailand Polishing has submitted a bid of 2 comma 400 baht. India Shine has submitted a bid of 2 comma 400 rupee. Sacramento Glow has submitted a bid of $ 240. You check with your local bank and find that $1 = 10 baht and $1 = 8 rupee.

The price per unit for Thailand Polishing= $ ___. (Enter your response rounded to the nearest penny.)

Explanation / Answer

Total bid for Thailand Polishing = 2400 Baht

Exchange rate : $1 = 10 baht

Therefore, total bid for Thailand polishing in $ terms = 2400 /10 = $240

Therefore, price of 200 polished disks is $240

Hence, Price per unit for Thailand Polishing = $240 / 200 = $1,2

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