| University | Harvard University (HU) |
| Subject | Introduction to Computer Science |
Question 2
If you buy a property, you must pay the Buyer’s Stamp Duty (BSD). It is calculated by multiplying the purchase price of the property with the stamp duty rate based on either residential or non-residential property as shown below in the table.
For example, if the purchase price of a non-residential property is $500,000, the BSD would be $500,000 x 2.5% = $12,500. Design an algorithm that will prompt for and receive the purchase price of a property and property type (residential or non-residential) and calculate the buyer’s stamp duty and print the value.
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