Sunday 26 July 2009

Calculation Example

If you have purchased items with their cost and local courier at a total of 750 RMB with a total weight of 2.45 kg to be delivered to Singapore using EMS, and you would like to pay in SGD.

1st Payment

Item cost + Local Courier = 750 RMB
Agent fee = 750 x 0.1 = 75 RMB
Amount due for 1st payment = 750 x 1.1 = 825 RMB
Amount due for 1st payment in SGD = 825 x 0.228* = 188.10 SGD

2nd Payment

Total item weight of 2.45 kg
Initial 0.5 kg = 190 RMB
Subsequent 0.5 kg = 45 RMB
Total cost = 190 + 4 x 45 = 370 RMB
After 30 % discount = 0.7 x 370 = 259 RMB
Amount due for 2nd Payment in SGD = 259 x 0.228* = 59.05 SGD

Total Cost

Total Cost = 1st Payment + 2nd Payment = 257.15 SGD

*Exchange rate is for illustration purposes only. Actual rate would be based on the current prevailing rate.