Kiana purchased a laptop from Los Angeles, California for US$900 and brought it back with her to

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Kiana purchased a laptop from Los Angeles, California for US$900 and brought it back with her to Toronto. At the US-Canada border, she was asked to pay customs duty of 14% on the laptop. In addition, she had to pay 13% HST. If the same model of laptop was available in Toronto for C$1500 including HST, was it cheaper for her to purchase the laptop from the US? Assume that the current exchange rate was US$1 = C$1.3241.

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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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