Meena bought clothes in Los Angeles, California for US$1500 by converting her Canadian currency when the exchange
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Meena bought clothes in Los Angeles, California for US$1500 by converting her Canadian currency when the exchange rate was C$1 = US$0.7549. She then returned to Toronto and had to pay customs duty of 14% and HST of 13% on the clothes at the Canada-US border based on that day's exchange rate of C$1 = US$0.7667. Calculate the total amount she spent on the clothes 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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