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the custom duty on a certain type of item is 150% of his cost.find the customs duty to be paid by harminder on such an item costing ₹12000.also,find the total amount spent by him on this item.
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the custom duty on a certain type of item is 150% of his cost.find the...
Customs Duty Calculation:
To calculate the customs duty on a certain type of item, we need to determine the cost of the item and apply the given custom duty rate.
Given:
Cost of the item = ₹12,000
Custom duty rate = 150% of the cost
Step 1: Calculate the customs duty amount
To find the customs duty amount, we need to calculate 150% of the cost of the item.
Customs Duty Amount = (150/100) * Cost of the item
Customs Duty Amount = (150/100) * ₹12,000
Customs Duty Amount = ₹18,000
Therefore, the customs duty to be paid by Harminder on the item costing ₹12,000 is ₹18,000.
Step 2: Calculate the total amount spent by Harminder
To find the total amount spent by Harminder on this item, we need to add the cost of the item and the customs duty amount.
Total Amount Spent = Cost of the item + Customs Duty Amount
Total Amount Spent = ₹12,000 + ₹18,000
Total Amount Spent = ₹30,000
Therefore, the total amount spent by Harminder on this item is ₹30,000.
Summary:
- The customs duty to be paid by Harminder on the item costing ₹12,000 is ₹18,000.
- The total amount spent by Harminder on this item, including the customs duty, is ₹30,000.
To calculate the customs duty on a certain type of item, we need to determine the cost of the item and apply the given custom duty rate.
Given:
Cost of the item = ₹12,000
Custom duty rate = 150% of the cost
Step 1: Calculate the customs duty amount
To find the customs duty amount, we need to calculate 150% of the cost of the item.
Customs Duty Amount = (150/100) * Cost of the item
Customs Duty Amount = (150/100) * ₹12,000
Customs Duty Amount = ₹18,000
Therefore, the customs duty to be paid by Harminder on the item costing ₹12,000 is ₹18,000.
Step 2: Calculate the total amount spent by Harminder
To find the total amount spent by Harminder on this item, we need to add the cost of the item and the customs duty amount.
Total Amount Spent = Cost of the item + Customs Duty Amount
Total Amount Spent = ₹12,000 + ₹18,000
Total Amount Spent = ₹30,000
Therefore, the total amount spent by Harminder on this item is ₹30,000.
Summary:
- The customs duty to be paid by Harminder on the item costing ₹12,000 is ₹18,000.
- The total amount spent by Harminder on this item, including the customs duty, is ₹30,000.
Community Answer
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