Suppose,to Produce $200,000 Worth of Finished Cloth in the US,textile

Suppose,to produce $200,000 worth of finished cloth in the US,textile producers import $150,000 of raw materials.The raw materials are imported duty free.However,the US has imposed a 5% nominal tariff on imports of finished cloth.What is the effective rate of protection enjoyed by the domestic cloth producers in the US?

A) 20%
B) 10%
C) 5%
D) 6%