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 (%)

To calculate the import cost, multiply the import value by the import fee rate.

## 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 ($)