• IV is the total import value ($) • IF is the import percentage fee (%) ## How to Calculate Import Cost? The following example problems outline how to calculate Import Cost. Example Problem #1: 1. First, determine the total import value ($). The total import value ($) is given as 45,000. 2. Next, determine the import percentage fee (%). The import percentage fee (%) is provided as 5. 3. Finally, calculate the Import Cost using the equation above: IC = IV * IF/100 The values given above are inserted into the equation below: IC = 45,000 * 5/100 = 2250.00 ($)

Example Problem #2:

The variables needed for this problem are provided below:

total import value ($) = 75,000 import percentage fee (%) = 10 Entering these values and solving gives: IC = IV * IF/100 = 7,500.00 ($)