The Landed Cost Formula is a tool used in business to calculate all of the costs associated with importing goods from another country. It takes into account not only the cost of goods imported, but also other costs such as shipping, customs fees, taxes, tariffs and currency conversion costs. By using this formula, businesses can accurately estimate the total cost of their orders and ensure they are obtaining the best possible deal. Additionally, the Landed Cost Formula helps them to avoid any unexpected fees or pricing changes that might occur due to fluctuating international markets. Ultimately, it provides an accurate snapshot of exactly what goods will cost once they reach their ultimate destination – saving both time and money.