Subjects finance

Car Value Duty Bd774D

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Car Value Duty Bd774D


1. **State the problem:** We need to find the total value of the car including the price change to Canada and insurance cost. 2. **Calculate the total value:** The total value is the sum of the original price, the price change, and the insurance cost. $$\text{Total value} = 2106.98 + 225.86 + 20.00$$ 3. **Perform the addition:** $$2106.98 + 225.86 = 2332.84$$ $$2332.84 + 20.00 = 2352.84$$ So, the total value of the car is $2352.84. 4. **Calculate the import duty:** The import duty is 30% of the total value. $$\text{Duty} = 0.30 \times 2352.84$$ 5. **Calculate the duty amount:** $$0.30 \times 2352.84 = 705.852$$ So, the import duty on the car is $705.85 (rounded to two decimal places).