Ask Question
17 October, 20:05

Toyota manufactures most of the vehicles it sells in the United Kingdom in Japan. The base platform for the Toyota Tundra truck line is 1, 652,000. The spot rate of the Japanese yen against the British pound has recently moved from 197/£ to 190/£. What is the percentage change in the price of the imported truck?

+2
Answers (1)
  1. 17 October, 22:03
    0
    Answer: 14.02%

    Explanation:

    Prices = ¥652,000

    Exchange rates = ¥197/£

    Change in exchange rate = ¥190/£

    Original price of the Toyota tundra

    = ¥652,000/197

    = £3009.65.

    Change in price

    = ¥652,000/190

    = £3431.58.

    Percentage change in price of the imported trucks

    = (New price - Old price) / old price x 100

    = £3431.58 - £3009.65 / £3009.65 X 100

    = 421.93 / £3009.65 x 100

    = 0.1402 x 100

    = 14.02%
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Toyota manufactures most of the vehicles it sells in the United Kingdom in Japan. The base platform for the Toyota Tundra truck line is 1, ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers