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Steven went to Florida and purchased a laptop for US$580.00 by converting his Canadian money at an exchange rate of C$1 = US$0.979. After a
Steven went to Florida and purchased a laptop for US$580.00 by converting his Canadian money at an exchange rate of C$1 = US$0.979. After a month, he returned to Vancouver but the exchange rate fluctuated and was C$1 = US$0.9389 on the day of his return. At the border, he paid customs duty of 15.00% and HST of 13.00% on the puchase price of the laptop, based on that day's exchange rate. Calculate the total amount he spent on the laptop in Canadian dollars. HST is charged on the price of the laptop after applying the duty.
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