thorney688 thorney688

08-05-2024
Mathematics

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Work this travel problem based on the data provided in the table. Choose the correct answers.

Article Duty Levied in Percent of Its Cost
Automobiles, new and used 6 1/2
Cameras 15
Chinaware 35
Dresses 21
Jewelry, gold, platinum, or silver 24
Lace, shawls, and scarves 42 1/2
Luggage and handbags 20
Pearls, strung 55
Shirts 25
Sweaters, including Cashmere 20
Toys, mechanical 44
Watches, 18 jewels and over 10.75
You are returning to the United States from a trip to Europe. You purchased the following items:

2 scarves at $50 each (use your $100 exemption for this one).
silver jewelry for $175
chinaware for $200

How much duty must you pay? $ .

Overall, what percentage of the cost of these articles do you pay in duty? %

If you later find that you have gotten the same goods in the United States for a 20% markup; would you have saved more by buying them in the United States rather than in Europe (ignoring cost of travel

Answer :

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