Conveyance Cost Calculator

Calculate Conveyance Cost



Formula

The formula to calculate the conveyance cost (CONV) is:

\[ \text{CONV} = \frac{\text{CR}}{100} \times \text{TA} \]

Where:

What is Conveyance Cost?

The conveyance cost is the total cost associated with the conveyance or transfer of goods. It is calculated by applying a conveyance rate to the total purchase amount. This rate is often used in various industries to estimate the additional costs incurred during the transfer of goods.

Example Calculation

Let's assume the following values:

Using the formula to calculate the conveyance cost (CONV):

\[ \text{CONV} = \frac{\text{CR}}{100} \times \text{TA} = \frac{5}{100} \times 1000 = 0.05 \times 1000 = 50 \text{ dollars} \]

The conveyance cost (CONV) is $50.