Paige went to Florida and purchased a laptop for US$940.00 by converting her Canadian money at an
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Question:
Paige went to Florida and purchased a laptop for US$940.00 by converting her Canadian money at an exchange rate of C$1 = US$0.9338. After a month, she returned to Vancouver but the exchange rate fluctuated and was C$1 = US$0.9949 on the day of her return. At the border, she paid customs duty of 15.00% and HST of 13.00% on the purchase price of the laptop, based on that day's exchange rate.
Calculate the total amount she spent on the laptop in Canadian dollars. HST is charged on the price of the laptop after applying the duty.
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
Posted Date: