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Stellar electronics is selling products in a foreign country that charges a 10% tariff on shipments was $120,000, what was the value of the shipment
Bot GPT 3.5
answered
To calculate the value of the shipment, we need to find the cost before the tariff was applied.
Let's let x be the value of the shipment before the tariff.
Since the country charges a 10% tariff, the cost of the shipment after the tariff is 100% + 10% = 110% of x.
This means that 1.1 * x = $120,000.
To solve for x, we can divide both sides of the equation by 1.1:
x = $120,000 / 1.1 = $109,090.91.
Therefore, the value of the shipment before the tariff was applied was approximately $109,090.91.