Toyota USA purchased a shipment of 1,000 Solara tires from Toyota Japan for a unit price of $50 each. Toyota Japan is the parent company of Toyota USA, and the relationship does not affect the price. The U.S. importer supplied a $500 design for work necessary to manufacture the tires to the U.S. importer’s specifications, free of charge, to the foreign shipper. The designs were purchased from an engineering company in the U.S. for submission to the foreign supplier. What is the unit price of the shipment?
A. $50
B. 550
C. 5550
D. $50,000
E. 50500
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The Answer is: A
Citation: 19 CFR 152.103(b), 152.103(c)(2), 152.103 (j)(1)(i), 152.103 (j)(1)(iv), and 152.103 (k)(1)(i)
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