please answer a and b

Fbxed Rmb Pricing of the PT350 Plasma Cutting Torch \begin{tabular}{cccccccc} Year & Cost(Rmb) & Margin(Rmb) & Price(Rmb) & Margin(%) & AverageRate(Rmb/US$) & Price(US$) & ChangeUS$Price(%) \\ \hline 2007 & 18,000 & 2,200 & 18,200 & 12.1 & 7.61 & 2,392 \\ 2008 & 15,400 & & & 6.95 & 6.83 \\ 2009 & 14,800 & & & 6.77 \\ 2010 & 14,700 & & & 6.46 \\ 2011 & 14,200 & & & 6.31 \\ 2012 & 14,400 & & & 6.15 \\ 2013 & 14,600 & & & 6.16 \\ 2014 & 14,800 & & & \\ Cumulative & & & & & \\ \hline \end{tabular} Peng Plasma Prieing. Peng Plesma is a privately hald Chinese business. It opecializes in the manufacture of plasmu cuthing torches. Over the past eight yoars it has held the Chinece roniminbi price of the P1350 cutling forch foxed at Rmb 18,200 per unit. Ovor that samo period it has worked to reduco costs por unit, but has mtruggied of laie due to higher input costs. Over that same period the renminbi has continued to be revalued agsinst the US.S. dollar by the Chinese govemment. Afer complating the table _-assuming the same price in renminbi for all years-answor tho following queatione. a. What has been the impact of Pong's pricing strategy on the USS price? How would you oxpect their U.S. dollar-based customers to have reacied to this? b. What has been the impact on Pengis margins from thil pricing strategy? Complete the table below: (1. Rounid all values as in year 2007.2. Round the percontage change in price to one docimal place.) Fixed Rmb Pricing of thio P1350 Piasma Cuting Toreh