Enter the total import value ($) and the import percentage fee (%) into the Import Cost Calculator. The calculator will evaluate and display the Import Cost.
Import Cost Formula
The following formula is used to calculate the Import Cost.
IC = IV * IF/100
- Where IC is the Import Cost ($)
- IV is the total import value ($)
- IF is the import percentage fee (%)
How to Calculate Import Cost?
The following example problems outline how to calculate Import Cost.
Example Problem #1:
- First, determine the total import value ($). The total import value ($) is given as 45,000.
- Next, determine the import percentage fee (%). The import percentage fee (%) is provided as 5.
- Finally, calculate the Import Cost using the equation above:
IC = IV * IF/100
The values given above are inserted into the equation below:
IC = 45,000 * 5/100 = 2250.00 ($)
Example Problem #2:
The variables needed for this problem are provided below:
total import value ($) = 75,000
import percentage fee (%) = 10
Entering these values and solving gives:
IC = IV * IF/100 = 7,500.00 ($)
