Using his budget for the voyage;
Complete a spreadsheet
Prepare his financial statements
and calculate some ratios
Now become a detective and reveal the physical facts which underly the financial numbers.
Advise Carlo how his voyage could be made even more profitable!
Working papers and answers are provided for you.
A little bit of history.
For hundreds of years merchants brought their spices overland along the the Spice Road from India to Trezibond, a port on the Black Sea.There they were sold to merchants from Venice and the prices were high. Then Vasco da Gama discovered a direct sea route, going down the coast of Africa, round the Cape Of Good Hope, and across the sea to India.
This meant that Carlo, and other merchants, could follow this route and buy directly from the growers at Kerela, in India,. This enabled them to undercut the high prices that were being charged at Trezibond. It was a long way; the return journey would take over a year. Dangerous? Yes, but it should be a profitable one.
Vasco da Gama’s home port was Lisbon, so now the spice trade was carried out from there. Hence Carlo had to go to Lisbon to sell his cargo, before returning to Venice.