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# In country X a returning tourist may import goods with a total value

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Math Expert
Joined: 02 Sep 2009
Posts: 53795
In country X a returning tourist may import goods with a total value  [#permalink]

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24 Dec 2017, 01:18
00:00

Difficulty:

15% (low)

Question Stats:

92% (00:56) correct 8% (01:20) wrong based on 16 sessions

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In country X a returning tourist may import goods with a total value of $600 or less tax free, but must pay a 15 percent tax on the portion of the total value in excess of$600. What tax must be paid by a returning tourist who imports good with a total value of $870? A.$35.5
B. $40.5 C.$45
D. $90 E.$130.5

_________________
Intern
Joined: 02 Apr 2017
Posts: 11
Re: In country X a returning tourist may import goods with a total value  [#permalink]

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24 Dec 2017, 07:36
Total value imported = 870.

Not tax on 600 or less and 15% on good above 600, 870 - 600 = 270

270 * 15/100 = 71/5 = 35.5

Intern
Joined: 15 Aug 2017
Posts: 14
In country X a returning tourist may import goods with a total value  [#permalink]

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24 Dec 2017, 08:40
Value on which Tax is levied= 870-600=270
Tax rate 15%= 3/20
Tax value= 270X(3/20)=40.5
B
Manager
Joined: 24 Nov 2016
Posts: 152
Re: In country X a returning tourist may import goods with a total value  [#permalink]

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24 Dec 2017, 13:49
1
Bunuel wrote:
In country X a returning tourist may import goods with a total value of $600 or less tax free, but must pay a 15 percent tax on the portion of the total value in excess of$600. What tax must be paid by a returning tourist who imports good with a total value of $870? A.$35.5
B. $40.5 C.$45
D. $90 E.$130.5

$$Tax=0.15*(Value-600)$$, $$Tax=0.15*(870-600)=0.15*270=27+13.5=40.5$$

Re: In country X a returning tourist may import goods with a total value   [#permalink] 24 Dec 2017, 13:49
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