Alexandria went to Florida and purchased a laptop for US$650 by converting her Canadian currency when the
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Alexandria went to Florida and purchased a laptop for US$650 by converting her Canadian currency when the exchange rate was C$1 = US$0.7604. After a month, she returned to Vancouver but the exchange rate fluctuated and was C$1 = US$0.7505 on the day of her return. At the border she paid customs duty of 14% and HST of 13% on the laptop based on that day's exchange rate. Calculate the total amount she spent on the laptop in Canadian dollars.
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Related Book For
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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