Question

to insure goods to send them overseas it costs the exporter 5/2% of the value of the goods. if the goods are valued at 16.400$, what will be insurance cost?​

Answer 1

Answer:

the insurance cost is $410

Explanation:

The computation of the insurance cost is shown below:

Given that

The exporter charged 5 by2% of the value of the goods for insured the goods

And, the goods are valued at $16,400

So the insurance cost is

= $16,400 × 5 ÷ 2%

= $16,400 × 2.5%

= $410

hence, the insurance cost is $410