Enter the purchase price ($) and the duty rate (%) into the Calculator. The calculator will evaluate the Duty Value.

## Duty Value Formula

DV = PP * DR/100

Variables:

- DV is the Duty Value ($)
- PP is the purchase price ($)
- DR is the duty rate (%)

To calculate Duty Value, multiply the purchase price by the duty rate.

## How to Calculate Duty Value?

The following steps outline how to calculate the Duty Value.

- First, determine the purchase price ($).
- Next, determine the duty rate (%).
- Next, gather the formula from above = DV = PP * DR/100.
- Finally, calculate the Duty Value.
- After inserting the variables and calculating the result, check your answer with the calculator above.

**Example Problem : **

Use the following variables as an example problem to test your knowledge.

purchase price ($) = 3003240

duty rate (%) = 23